(MENAFN) Turkey’s Central Bank is following a firm policy to ensure ever-increasing interest in the Turkish lira, as the bank’s governor said on Monday.
Turkey has recently started to impose the new Turkish financial model which emphasizes sustainable expansion by achieving lasting price stability through investment, employment, production as well as shipments, Sahap Kavcioglu said in a statement. article entitled “Liraization Strategy” on the bank’s blog.
He underlined that “The mobilization strategy implemented by the Bank is one of the key elements of this model”.
With this, he said the bank has focused on sustainable improvements that will ensure maintainable price constancy within the dynamics of the free market.
He published that “When designing its monetary policy decisions, the Bank is faced with the structural problems of the Turkish economy, especially with regard to a sustainable external balance”.
He also pointed out that “in this process, instead of easy but temporary solutions, we focus on permanent long-term solutions despite the short and medium-term difficulties”.
also stating that this process “is also a challenge to a structural problem that has remained unresolved despite many years of effort”.
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