Turkey’s FinMin Albayrak: Turkish economy normalizing after 'attacks' from abroad

Dhwani Mehta FXStreet

Turkish Finance Minister Berat Albayrak was quoted by broadcaster CNN Turk, as saying that Turkey’s economy began to normalize this month, Reuters reports.

Key Quotes:

Albayrak blamed the lira’s tumble on what he called “economic attacks planned in a foreign country”, singling out, in particular, Aug. 10 when the currency’s volatility peaked.

“There is no problem Turkey cannot overcome. The Turkish economy has started its normalization process as of October (and) 2019 will be a year that will reassure markets...”

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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