Union of Chambers and Commodity Exchanges of Turkey

“We support the steps that establish trust in the Turkish lira”


23.12.2021 / Gaziantep



Rifat Hisarcıklıoğlu, President of the Union of Chambers and Commodity Exchanges of Turkey (TOBB), said of the package of economic measures announced by President Recep Tayyip Erdoğan, “The extraordinary rises in exchange rates have been prevented. Stability in financial markets has increased. We support the steps that establish confidence in the Turkish lira and strengthen stability.”​

Hisarcıklıoğlu told reporters that the package of economic measures announced by President Erdoğan was very positively welcomed by the real sector.

Hisarcıklıoğlu stated that the steps taken were appropriate and improved morale, “‎The statement also showed its positive impact on the markets.‎ Extraordinary rises in exchange rates have been prevented. Stability in financial markets has increased. We support the steps that establish confidence in the Turkish lira and strengthen stability. We consider the decision to apply the minimum wage tax deduction to everyone, the acceleration of returns through VAT regulation, the Corporate Tax reduction and the new Credit Guarantee Fund package very important and beneficial.”

Noting the importance of President Erdoğan's emphasis that Turkey's economy will continue to move within the rules of the free market, Hisarcıklıoğlu noted:

“Because the rumors that someone is trying to spread especially online have been prevented. The strength of the Turkish economy comes from the freedom of enterprise and entrepreneurial power. Gaziantep is the greatest proof of this. Our 365 chambers and commodity exchanges have always believed in the power of Turkey, and we will always do. Those who invest in Turkey have always won, and I hope that those who invest and trust in our country will always win.”

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