content tagged with nureddin nebati

Finance minister says no need for concern over US sanctions warning

Finance minister says no need for concern over US sanctions warning

Last week, the US Treasury sent a letter to a leading business group in Türkiye and the Ministry of Treasury and Finance to warn them hat sanctioned Russia's oligarchs are attempting to bypass Western sanctions via Türkiye.

'It hurts only the poor': Turkey's finance minister defends 'high growth-high inflation' policies

'It hurts only the poor': Turkey's finance minister defends 'high growth-high inflation' policies

Admitting that the government could have raised the interest rates to curb the inflation, Minister Nebati has unintentionally contradicted President Erdoğan's theory that higher interest rates bring higher inflation.

Finance minister says high inflation 'temporary'

Finance minister says high inflation 'temporary'

"The global economy is going through a difficult time. High increases in commodity prices, problems in the supply chain and rising prices in transportation caused inflation to rise sharply all over the world," Nebati has remarked.

HDP's Oluç: It is impossible to curb Turkey’s inflation with such an attitude

HDP's Oluç: It is impossible to curb Turkey’s inflation with such an attitude

HDP Group Deputy Chair Saruhan Oluç has talked about Finance Minister Nebati’s statements: “He said, ‘Inflation will fall after December.' Why will you reduce it after December? Because elections are coming, right?”

Turkey's finance minister claims 'inflation rate getting back on track' amid record highs

Turkey's finance minister claims 'inflation rate getting back on track' amid record highs

Turkey posted a two-decade high inflation rate of 61.14 percent in March.

‘Finance minister’s statement is an admission of the state crisis in Turkey’

İYİ PARTY CHAIR AKŞENER

‘Finance minister’s statement is an admission of the state crisis in Turkey’

İYİ Party leader Akşener addressed Minister of Finance Nebati: “The history of the Republic of Turkey has never seen such impertinence. The history of the Republic of Turkey has never witnessed such an impertinent mentality of governance”.

HDP’s Paylan to Erdoğan: Don’t send the finance minister abroad

HDP’s Paylan to Erdoğan: Don’t send the finance minister abroad

HDP Diyarbakır MP Garo Paylan has criticized Turkey’s Minister of Treasury and Finance Nureddin Nebati, who told investors in France, “We will tear down the bureaucracy. Chill, we have the President behind us.”

Turkey's finance minister expects inflation to decrease in summer

Turkey's finance minister expects inflation to decrease in summer

The minister's previous predictions about the inflation rate did not come true.

Different inflation forecasts by Turkey’s Central Bank Governor, Finance Minister

Different inflation forecasts by Turkey’s Central Bank Governor, Finance Minister

While Central Bank Governor Kavcıoğlu, in a press briefing on January 27, announced the 2022 year-end inflation forecast as 23.2 percent, Minister of Treasury and Finance Nebati said a day before: “Inflation will be around 40 percent for some time.”

28 January 2022

Finance minister: Lira's recovery proved those calling for higher interest rates wrong

Finance minister: Lira's recovery proved those calling for higher interest rates wrong

Minister Nebati has said the new foreign exchange-protected Turkish lira deposits reached 10 billion lira.

24 December 2021

Finance minister: Turkish lira finding its true balance with new deposit system

Finance minister: Turkish lira finding its true balance with new deposit system

Turkey had introduced a "foreign exchange-protected lira deposit" system, where the Treasury compensates depositors if the change in exchange rates exceeds earned interests.

22 December 2021

Statistics refute minister’s remarks: Rent in city centers 10 times higher than minimum wage

Statistics refute minister’s remarks: Rent in city centers 10 times higher than minimum wage

According to a study carried out by a research center affiliated with Bahçeşehir University, the annual increase in rent is 78.8 percent in İstanbul, 62 percent in the capital city of Ankara and 50 percent in İzmir.

20 December 2021

Erdoğan replaces finance minister amid currency crisis

Erdoğan replaces finance minister amid currency crisis

The president had implicitly criticized Lütfi Elvan for opposing his lower interest rate policy, which led the Turkish lira to lose 29 percent in value in a month.

2 December 2021