Turkish Finance Minister Şimşek dismisses resignation rumors

Finance Minister Mehmet Şimşek has publicly refuted rumors of his impending resignation, asserting his dedication to Turkey's economic program and market stability.
The denials follow claims made by Republican People’s Party (CHP) leader Özgür Özel, who suggested Şimşek was considering stepping down.
"I am on my duty. We will continue to take all necessary steps for the healthy functioning of the markets," Şimşek wrote in a statement on X, effectively dismissing the speculation.
Vice President Cevdet Yılmaz also addressed the rumors, reinforcing the government's stance and emphasizing the strength of Türkiye's economic fundamentals. In his own statement on X, Yılmaz highlighted the manageable current account and budget deficits, as well as the Central Bank's adequate reserves. He also made special note of the continuing affects on the budget caused by the devastating earthquakes that Turkey has recently suffered.
"We continue to implement our economic program with determination and coordination," Yılmaz affirmed, reiterating the government's commitment to coordinated institutional efforts to monitor and respond to market conditions. His statements are aimed to provide confidence to investors during a time where economic uncertainty has been amplified by the spread of the rumors.
The collective response from Şimşek and Yılmaz seeks to dispel uncertainty and reinforce confidence in the government's economic management. (ILKHA)
LEGAL WARNING: All rights of the published news, photos and videos are reserved by İlke Haber Ajansı Basın Yayın San. Trade A.Ş. Under no circumstances can all or part of the news, photos and videos be used without a written contract or subscription.
The Central Bank of the Republic of Türkiye (CBRT) has raised its policy rate from 42.5 percent to 46 percent, marking a significant move in its ongoing efforts to tackle inflation.
Türkiye’s overall export unit value index rose by 2.6% in February 2025 compared to the same month last year, reflecting higher prices in key export categories despite a simultaneous decline in export volumes, the Turkish Statistical Institute (TurkStat) reported on Thursday.
The Turkish lira edged down slightly to 38.1620 against the US dollar early Thursday as markets held their breath ahead of a highly anticipated interest rate decision from the Central Bank of the Republic of Türkiye (CBRT).
Gold prices soared to an all-time high on Wednesday, briefly crossing $3,350 per troy ounce, driven by safe-haven demand amid escalating global trade tensions and expectations of looser U.S. monetary policy.