Turkish FinMin Says Domestic Issues Taken Out of Context

Turkey’s finance minister conceded that the country has “had a few experiences that don’t reflect well” for investors in an interview defending the country’s financial strength.

Mehmet Simsek defended his government and central bank’s policy to CNBC and pledged to continue to allow free capital movement out of the country.

“We have had a few experiences that don’t reflect well and we are aware of that,” he admitted.

“Domestic issues have been taken out of context and that has reflected negatively on where we stand.”

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza