Finance

Kavcıoğlu: We do not have a curing purpose

CBRT Leader Şahap Kavcıoğlu made statements after his meeting with TİM. Stating that the exchange rate continues in a stable manner and there is no exchange rate purpose, Kavcıoğlu said that the increase in reserves reflected positively on the exchange rate.

Şahap Kavcıoğlu, the Leader of the Central Bank of the Republic of Turkey (CBRT) and Mustafa Gültepe, the Leader of the Turkish Exporters Assembly (TİM). In the joint statement made after the meeting, Şahap Kavcıoğlu said that they came to a meeting to evaluate the demands from the branch.

Kavcıoğlu stated that recession concerns continue in the global economy, but there are positive developments. Stating that the exchange rate continues in a stable form, Kavcıoğlu said that the CBRT does not have a random exchange rate purpose and that the increase in reserves reflects positively on the exchange rate.

Kavcıoğlu stated that the financing costs are very high.