Turkish Finance Minister Says Inflation Will Come Down To Single Digits By Mid 2023

ISTANBUL — Finance Minister Nureddin Nebati said on Saturday inflation in Turkey will come down to single digits by the time of presidential and parliamentary elections set for mid-2023, after it soared to a 19-year high of 36% in December.

Speaking to heads of non-governmental organizations in Istanbul, Nebati also said the conversion of forex holdings to Turkish lira will accelerate in coming weeks.

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Turkish finance minister says inflation will come down to single digits by mid-2023 Back to video

He added that as of Friday night more than 131 billion lira ($9.69 billion) had been deposited in accounts under a government scheme that protects lira deposits from forex depreciation. ($1 = 13.5214 lira) (Reporting by Ali Kucukgocmen Editing by Mark Heinrich)

Source : https://nationalpost.com/pmn/news-pmn/turkish-finance-minister-says-inflation-will-come-down-to-single-digits-by-mid-2023

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Turkish finance minister says inflation will come down to single digits by mid-2023

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