Union of Chambers and Commodity Exchanges of Turkey

At the meeting, Treasury and Finance Minister Nureddin Nebati shared details of the new package of measures. Explaining the system for bringing under-pillow gold into the system, Nebati stated that three new KGF packages totaling 60 billion TL will be launched. Nebati also announced measures to combat inflation.

Speaking via video link at the meeting, President Recep Tayyip Erdoğan announced that they had reduced VAT on basic food products from 8 percent to 1 percent. Erdoğan also called for a 7 percent discount for other sectors. President Erdoğan has said that in 2023 they will introduce Turkey to single-digit inflation.