Mehmet Şimşek: Financial risks have decreased thanks to the new program

Minister of Treasury and Finance Mehmet Şimşek announced in a post on his social media account that the swap stock of the Central Bank of the Republic of Türkiye (CBRT) with domestic banks has fallen to 144 million dollars.

In the continuation of his statement, Şimşek noted that this situation, which strengthens the monetary transmission mechanism, will also make a significant contribution to the disinflation process.

Here is the post by Minister of Treasury and Finance Mehmet Şimşek:

''Thanks to the program we are implementing with determination, risks are decreasing and normalization in financial markets continues.

The CBRT's swap stock with domestic banks has fallen from its 2023 peak of 64.5 billion dollars to 144 million dollars.

This situation, which strengthens the monetary transmission mechanism, will also make a significant contribution to the disinflation process.''

Kararlılıkla uyguladığımız program sayesinde riskler azalıyor, finansal piyasalarda normalleşme sürüyor.

TCMB'nin yurt içi bankalarla yaptığı swap stoku 2023 yılı zirvesi olan 64,5 milyar dolardan 144 milyon dolara geriledi.

Parasal aktarım mekanizmasını güçlendiren bu durum… pic.twitter.com/L7fTNLYCTQ

— Mehmet Simsek (@memetsimsek) July 23, 2024

News Source: 12punto