Turkish finance minister denies resignation claims, says economy on right track

Treasury and Finance Minister Mehmet Simsek firmly denied allegations of his resignation, which has been rumored on social media for a few days, on Friday, stating that such claims are unfounded.

In his X statement, the Turkish finance minister addressed circulating rumors, emphasizing that he has not resigned and that the scenarios being circulated are incorrect. He highlighted that the economic management team operates with a strong sense of collective responsibility and is committed to achieving improvements daily.

“Despite our denial, those who continue to spread these rumors cannot be acting in good faith,” the minister stated. “We will not allow false stories to impact our economy or markets. Please do not be misled.”

The minister reassured the public about the effectiveness of the country’s economic stability and reform programs, noting that positive results are being achieved. He pointed out that the current account deficit has narrowed, the central bank’s reserves have improved, and the transition from the currency-protected deposit system is progressing rapidly.

Efforts are also underway to address the budgetary impacts of pension reforms and the recent earthquake, with measures being taken to enhance budgetary balance and advance toward price stability.

Finance minister affirms President Erdogan’s unwavering support

Türkiye’s finance minister acknowledged the unwavering support from President Recep Tayyip Erdogan, emphasizing that under the president’s leadership, the primary goal is to permanently enhance the well-being of the Turkish people. He stressed that the team’s sole mission is to serve the nation, and any fabricated stories aimed at undermining their efforts only serve to reinforce their commitment to their work.