Turkish Industry and Technology Minister Mustafa Varank said the government would continue to implement economic policies at full speed under the leadership of President Recep Tayyip Erdoğan.
Turkey will take the measures necessary to achieve results, stability, and once again make Turkey a haven for foreign investment, said Varank, a former top adviser to Erdoğan, according to the state-run Anadolu news agency.
Investors are seeking to gauge any changes in the direction of economic policy in Turkey after Treasury and Finance Minister Berat Albayrak, Erdoğan’s son-in-law, issued a statement on Sunday announcing his resignation and Erdoğan sacked and replaced the governor of the central bank, installing a respected technocrat.
The lira jumped against the dollar on Monday, bouncing from a record low, on speculation that the weekend’s events may mark a turning point towards economic and monetary orthodoxy in the country. Turkey’s economic progress in the past two years has been undercut by a slump in the lira’s value against the dollar and a deep recession.
Ahval