The Ministry of Treasury and Finance made statements about the activity in the markets after the Russia-Ukraine war. The Ministry emphasized that citizens should avoid risky positions and that their trust in TL should continue.
Russia and Ukraine The tension between the two countries had increased recently when Vladimir Putin announced that the so-called Donetsk and Luhansk Republics would be recognized by Russia. Today, Russia’s official declaration that it declared war on Ukraine caused tensions to peak and military operations to begin.
These news, as we can all guess, caused significant effects in many areas. Global markets were one of the places that were adversely affected by this situation. As we shared with you, the dollar rate exceeded 14 TL after the official start of the war. now too From the Ministry of Treasury and Finance clarification on the subject.
“Avoid taking risky positions”
The Ministry made statements to calm the panic atmosphere caused by the sudden increase in the dollar due to the news of the military operation. Noting that the developments between Russia and Ukraine are closely followed, the ministry said that the financial and economic effects of these developments; in all its dimensions, including agriculture, tourism, foreign trade, energy and contracting. followed in consultationHe stated that necessary measures will be taken decisively.
Emphasizing the importance of the steps taken with the Turkish Economy Model, the ministry underlined the volatility in the exchange rate in the published written statement and stated that risky positions should be avoided: In the last two months, important policies have been implemented to strengthen the Turkish Lira and have been successful in this regard. In this context, our citizens should be protected against the volatility caused by this tension in the international financial markets. Continuing confidence in Turkish Lira and Turkish Lira-denominated assets and avoiding taking risky positions considered to be important in all respects.
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