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IMFC plenary meeting - Washington

IMF Managing Director Kristalina Georgieva greets Turkish finance minister Mehmet Simsek at IMFC plenary during International Monetary Fund/World Bank Annual Meetings in Washington on October 17, 2025. Photo by Yuri Gripas/ABACAPRESS.COM

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IMFC plenary meeting - Washington

IMF Managing Director Kristalina Georgieva, Turkish finance minister Mehmet Simsek (L) and Saudi Minister of Finance Abdullah Al-Jadaan attend IMFC plenary during International Monetary Fund/World Bank Annual Meetings in Washington on October 17, 2025. Photo by Yuri Gripas/ABACAPRESS.COM

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IMF/WB Annual Meetings - Washington

Turkish finance minister Mehmet Simsek participates in IMF/World Bank Annual Meetings in Washington on October 16, 2024. Photo by Yuri Gripas/ABACAPRESS.COM

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IMF/WB Annual Meetings - Washington

Turkish finance minister Mehmet Simsek participates in IMF/World Bank Annual Meetings in Washington on October 16, 2024. Photo by Yuri Gripas/ABACAPRESS.COM

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IMFC plenary at IMF/World Bank meeting - Washington

Saudi Central Bank Governor Ayman Al-Sayari and Turkish Finance Minister Mehmet Simsek at IMFC plenary during the IMF/World Bank Spring Meetings in Washington on April 25, 2025. Photo by Yuri Gripas/ABACAPRESS.COM

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Turkey-Spain Intergovernmental High Level Summit - Madrid

Turkey's Minister of Economy Mehmet Simsek during Turkey - Spain Intergovernmental High Level Summit at Palacio de la Moncloa, Madrid, 13 May, 2024. Photo by David Cruz Sanz/Alterphotos/ABACAPRESS.COM

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Turkey-Spain Intergovernmental High Level Summit - Madrid

Turkey's Minister of Industry and Technology Mehmet Fatih Kacir, the Minister of Economy Mehmet Simsek and the Minister of Agriculture and Forestry Ibrahim Yumakll during Turkey - Spain Intergovernmental High Level Summit at Palacio de la Moncloa, Madrid, 13 May, 2024. Photo by David Cruz Sanz/Alterphotos/ABACAPRESS.COM

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Turkey-Spain Intergovernmental High Level Summit - Madrid

Turkey's Minister of Industry and Technology Mehmet Fatih Kacir and Minister of Economy Mehmet Simsek during Turkey - Spain Intergovernmental High Level Summit at Palacio de la Moncloa, Madrid, 13 May, 2024. Photo by David Cruz Sanz/Alterphotos/ABACAPRESS.COM

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Turkey-Spain Intergovernmental High Level Summit - Madrid

Turkey's Minister of Industry and Technology Mehmet Fatih Kacir and Minister of Economy Mehmet Simsek during Turkey - Spain Intergovernmental High Level Summit at Palacio de la Moncloa, Madrid, 13 May, 2024. Photo by David Cruz Sanz/Alterphotos/ABACAPRESS.COM

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Turkish consumers' patience wears thin as inflation peaks at 75 pct

STORY: Turkish consumers' patience wears thin as inflation rate peaks at 75 pct SHOOTING TIME: June 3, 2024 DATELINE: June 4, 2024 LENGTH: 00:03:37 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of Ankara 2. SOUNDBITE 1 (Turkish): SUAT ENGIN, Pensioner 3. various of Ankara 4. SOUNDBITE 2 (Turkish): NILGUN OZMEN, Pensioner 5. various of Ankara 6. SOUNDBITE 3 (Turkish): SELMA SONGUN, Housewife STORYLINE: With Türkiye's annualized inflation rate exceeding 75 percent in May, Turkish consumers are in desperate need of the relief promised by the government's disinflation efforts. Türkiye's inflation rate rose in May to 75.45 percent, official data revealed on Monday. That's the highest point since November 2022, and a significant jump from April's rate of 69.8 percent. "The worst is over," Treasury and Finance Minister Mehmet Simsek said on X after Monday's data release. The minister sought to reassure the public that relief is in sight. "We saw the highest level of annual inflation, which refl

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Turkish economy grows by 5.7 pct in Q1

STORY: Turkish economy grows by 5.7 pct in Q1 SHOOTING TIME: Recent footage DATELINE: June 1, 2024 LENGTH: 00:01:36 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of an engine factory in Türkiye (courtesy of ihlas news agency) 2. various of textile factories in Türkiye (courtesy of ihlas news agency) 3. various of Türkiye's Treasury and Finance Minister Mehmet Simsek 4. various of an iron products factory in Türkiye (courtesy of ihlas news agency) 5. various of construction sites in Türkiye (courtesy of Hatay Municipality) STORYLINE: The Turkish economy grew 5.7 percent year-on-year in the first quarter of 2024, slightly above expectations, according to official figures on Friday. Thus, the Turkish economy has grown for 15 consecutive quarters since the second quarter of 2020, when COVID-19 pandemic measures were implemented, the data released by the Turkish Statistical Institute shows. Despite the ongoing monetary tightening policy, household consumption accelerated in the run-up to the local e

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Turkish trade deficit widens in April as imports climb

STORY: Turkish trade deficit widens in April as imports climb SHOOTING DATE: Earlier footage DATELINE: May 31, 2024 LENGTH: 00:01:37 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of an iron products factory in Türkiye (00:00-00:28) (date:29.04.2024) (courtesy of ihlas news agency) 2. various of a bag factory in Türkiye (00:28-01:04) (date:12.03.2024) (courtesy of ihlas news agency) 3. various of Türkiye's Treasury and Finance Minister Mehmet Simsek (01:04-01:09) (date:29.05.2024) (courtesy of ihlas news agency) 4. various of a fruit and vegetable packaging company in Türkiye (01:09-01:37) (date:09.05.2024) (courtesy of ihlas news agency) STORYLINE: Türkiye's trade deficit widened by 12.9 percent year-on-year in April to 9.9 billion U.S. dollars, the Turkish Statistical Institute (TUIK) said on Thursday. Exports edged up 0.1 percent to 19.25 billion dollars, while imports climbed 4.0 percent to 29.17 billion dollars, pushing the exports-to-imports ratio down to 66.1 percent, according to TUIK

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Türkiye's Istanbul feels strain as inflation, cost of living soar

STORY: Türkiye's Istanbul feels strain as inflation, cost of living soar SHOOTING TIME: May 10, 2024 DATELINE: May 14, 2024 LENGTH: 00:02:13 LOCATION: ISTANBUL, Türkiye CATEGORY: ECONOMY/SOCIETY SHOTLIST: 1. various of Istanbul in Türkiye 2. various of local shops 3. SOUNDBITE 1 (Turkish): ISMAIL HAKKI, Local clothing shop owner 4. SOUNDBITE 2 (Turkish): FERRUH BUYUKOGLU, Stationery shop owner 5. various of Turkish Treasury and Finance Minister Mehmet Simsek speaking at the press conference in Ankara, Türkiye STORYLINE: Business has been sluggish for Ismail Hakki, who owns a once-thriving clothing shop in Istanbul's old Tahtakale neighborhood. "Business declined to only a fraction of what it used to be," Hakki said as he navigated through the rows of discounted garments in his shop. Hakki's woes mirror the broader struggle gripping Istanbul, Türkiye's economic hub, where inflation has outpaced the already-crippling national rate of 69.8 percent in April, according to the Istanbul Chamber of Commerc

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Turkish gov't unveils public savings package

STORY: Turkish gov't unveils public savings package SHOOTING TIME: May 13, 2024 DATELINE: May 14, 2024 LENGTH: 00:01:25 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of the press conference (courtesy of ihlas news agency) 2. SOUNDBITE 1 (Turkish) : MEHMET SIMSEK, Turkish Treasury and Finance Minister (courtesy of ihlas news agency) 3. various of the press conference (courtesy of ihlas news agency) 4. SOUNDBITE 2 (Turkish) : MEHMET SIMSEK, Turkish Treasury and Finance Minister (courtesy of ihlas news agency) 5. various of the press conference (courtesy of ihlas news agency) 6. SOUNDBITE 3 (Turkish) : MEHMET SIMSEK, Turkish Treasury and Finance Minister (courtesy of ihlas news agency) 7. various of the press conference (courtesy of ihlas news agency) 8. SOUNDBITE 4 (Turkish) : MEHMET SIMSEK, Turkish Treasury and Finance Minister (courtesy of ihlas news agency) 9. various of the press conference (courtesy of ihlas news agency) STORYLINE: The Turkish government announced Monday a package of saving me

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Turkish central bank keeps interest rate unchanged at 45 pct

STORY: Turkish central bank keeps interest rate unchanged at 45 pct SHOOTING TIME: Feb. 22, 2024 DATELINE: Feb. 23, 2024 LENGTH: 00:00:29 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of people shopping 2. various of Turkish Treasury and Finance Minister Mehmet Simsek 3. various of Fatih Karahan, the new Governor of Turkish Central Bank STORYLINE: Türkiye's central bank kept its interest rate unchanged at 45 percent on Thursday, completing a monetary tightening cycle to set the course for disinflation. "The current level of the policy rate will be maintained until there is a significant and sustained decline in the underlying trend of monthly inflation and until inflation expectations converge to the projected forecast range," said the bank in a statement. It added that the monetary policy stance will be tightened if a significant and persistent deterioration in the inflation outlook is anticipated. "Monetary transmission mechanism will be supported in case of unanticipated developmen

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Turkish currency plunges to new low against USD amid high inflation

STORY: Turkish currency plunges to new low against USD amid high inflation SHOOTING TIME: Feb. 16, 2024 DATELINE: Feb. 17, 2024 LENGTH: 00:01:10 LOCATION: ISTANBUL, Türkiye CATEGORY: ECONOMY SHOTLIST: 1. various of Istanbul city in Türkiye 2. Murat Tufan, an analyst with Turkish broadcaster Ekoturk speaking in an interview 3. various of Turkish Minister of Treasury and Finance Mehmet Simsek speaking at the Türkiye-Saudi Arabia Investment and Business Forum in Istanbul, Türkiye 4. various of Turkish Central Bank 5. various of Fatih Karahan, Turkish Central Bank chief STORYLINE: The Turkish currency plunged to a new low on Friday against the U.S. dollar, losing 0.3 percent of its value in 24 hours while the country has been trying to curb high inflation. The lira stood at 30.83 against the dollar at 4:00 p.m. local time (1300 GMT) after hitting 30.87. Murat Tufan, an analyst with Turkish broadcaster Ekoturk, told Xinhua that for the lira to appreciate, inflation needs to be seriously curbed in Türkiy

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Türkiye calls for enhancing cooperation with Saudi Arabia in tourism, construction sectors

STORY: Türkiye calls for enhancing cooperation with Saudi Arabia in tourism, construction sectors SHOOTING TIME: Feb. 16, 2024 DATELINE: Feb. 17, 2024 LENGTH: 00:00:49 LOCATION: ISTANBUL, Türkiye CATEGORY: ECONOMY SHOTLIST: 1. various of Türkiye-Saudi Arabia Investment and Business Forum in Istanbul, Türkiye 2. various of Turkish Minister of Treasury and Finance Mehmet Simsek speaking at the Türkiye-Saudi Arabia Investment and Business Forum in Istanbul, Türkiye 3. various of Türkiye-Saudi Arabia Investment and Business Forum in Istanbul, Türkiye STORYLINE: Türkiye and Saudi Arabia should seize opportunities to strengthen cooperation in certain areas of mutual interest, Turkish Minister of Treasury and Finance Mehmet Simsek said on Friday. Speaking at the Türkiye-Saudi Arabia Investment and Business Forum held in Istanbul, Simsek said tourism and construction sectors are among the most promising areas of cooperation between the two countries. Türkiye, with significant knowledge, experience, and res

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Türkiye's inflation nears 65 pct in January

STORY: Türkiye's inflation nears 65 pct in January SHOOTING TIME: FILE DATELINE: Feb. 6, 2024 LENGTH: 00:01:15 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of people shopping in the Grand Bazaar in Istanbul, Türkiye (Feb. 2, 2024) (courtesy of Ihlas News Agency) 2. various of people shopping in a discount clothes shop in Istanbul, Türkiye (Feb. 3, 2024) (courtesy of Ihlas News Agency) 3. Turkish Treasury and Finance Minister Mehmet Simsek (Jan. 31, 2024) (courtesy of Ihlas News Agency) 4. various of people shopping in Ankara, Türkiye (Dec. 19, 2023) 5. various of Turkish lira (Nov. 30, 2023) STORYLINE Türkiye's annual inflation rate rose slightly to 64.86 percent in January from 64.77 percent last December, according to official data released Monday. The Turkish Statistical Institute said monthly inflation increased 6.7 percent in January, the highest since August 2023, due to a large increase in the minimum wage and new-year price adjustments. Turkish Treasury and Finance Minister Mehmet

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Turkish central bank governor resigns

STORY: Turkish central bank governor resigns SHOOTING TIME: Feb. 2, 2024/Earlier footage DATELINE: Feb. 3, 2024 LENGTH: 00:00:52 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of Hafize Gaye Erkan 2. various of the Turkish Central Bank 3. Various of Hafize Gaye Erkan's resignation message posted on X 4. various of Hafize Gaye Erkan STORYLINE: Turkish central bank governor Hafize Gaye Erkan on Friday evening announced her resignation. In a message posted on X, Erkan, the first woman governor of Türkiye's central bank, said she chose to resign after a major "reputation assassination campaign" had recently been organized against her. "To prevent my family and my innocent child, who is not even one and a half years old, from being further affected by this process, I have requested from our President to be pardoned from my duty," read her post. Turkish Finance Minister Mehmet Simsek said Erkan's decision was personal and she took it at her own discretion. "I respect her decision and th

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Türkiye's central bank reserves record historic high

STORY: Türkiye's central bank reserves record historic high SHOOTING TIME: Earlier footage DATELINE: Dec. 1, 2023 LENGTH: 0:01:38 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of the Turkish Central Bank (courtesy of the Turkish Central Bank) STORYLINE: The total reserves of the Turkish central bank reached a historic high of 136.49 billion U.S. dollars as of the end of last week, according to the data announced by the bank on Thursday. Among the reserves, 90.99 billion dollars were foreign currency reserves while 45.49 billion were gold reserves. Since May, the bank's total gross reserves surged 38.35 billion dollars, or 38.6 percent. There has been an upward momentum in the bank's reserves since June. Turkish President Recep Tayyip Erdogan appointed former banker Hafize Gaye Erkan as central bank governor and Mehmet Simsek as the head of the Treasury and Finance Ministry in June. Both bankers were considered market-friendly figures. The bank had previously implemented a policy o

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High inflation in Türkiye fuels soaring credit card debt

STORY: High inflation in Türkiye fuels soaring credit card debt SHOOTING TIME: Nov. 22, 2023 DATELINE: Nov. 23, 2023 LENGTH: 0:02:18 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of people on the street and shopping in Türkiye 2. SOUNDBITE 1 (Turkish): BASAR CETIN, 42-year-old chiropractor 3. SOUNDBITE 2 (Turkish): EMIRCAN SIMSEK, 24-year-old waiter STORYLINE: Türkiye's runaway inflation is ramping up credit card spending by consumers who find themselves faced with increased legal proceedings due to card default. Credit card debts soared by 119 percent to 991 billion Turkish liras (34.7 billion U.S. dollars) in the first ten months of 2023, according to banking regulatory watchdog. SOUNDBITE 1 (Turkish): BASAR CETIN, 42-year-old chiropractor "I use credit cards for daily spending. Credit cards are practical tools but if you don't use them correctly, if you don't pay the full balance on a monthly basis, they become a burden. I also was affected by that, but I managed to pay off all of my debt. A

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Türkiye's economic shift fuels optimism but challenges persist: expert

STORY: Türkiye's economic shift fuels optimism but challenges persist: expert DATELINE: Sept. 26, 2023 LENGTH: 00:04:10 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of people on the streets in Türkiye 2. various of Turkish lira and the U.S. dollar 3. various of people shopping in Türkiye 4. various of shipping trade in Türkiye 5. various of people shopping in Türkiye 6. various of shipping trade in Türkiye 7. SOUNDBITE (Turkish): CAN SELCUKI, Director of Türkiye Raporu STORYLINE: Turkish Finance and Treasury Minister Mehmet Simsek revealed on Sept. 19 that Türkiye obtained some 10.4 billion U.S. dollars in external financing since the country embraced new policies in June. The amount includes 6.7 billion dollars from the banking sector, 367 million from the non-banking financial sector and 3.26 billion from the real sector, according to the report. After the new economic management put in place in June decided to aggressively hike interest rates from 8.5 to 30 percent to curb inflation an

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Türkiye's central bank doubles daily limits for rediscount credits to boost exports

STORY: Türkiye's central bank doubles daily limits for rediscount credits to boost exports DATELINE: Sept. 13, 2023 LENGTH: 00:01:31 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of Turkish Central Bank 2. various of Turkish Lira and U.S. dollar 3. various of shipping trade in Türkiye (courtesy of Ihlas news agency) 4. various of Turkish Treasury and Finance Minister Mehmet Simsek 5. various of shipping trade in Türkiye (courtesy of Ihlas news agency) 6. various of Turkish Central Bank Governor Hafize Gaye Erkan 7. various of Turkish Central Bank STORYLINE: The Turkish Central Bank said on Tuesday it had raised daily limits of the banks for utilization of rediscount credits for export and foreign exchange earning services to 3 billion liras (111.5 million U.S. dollars) from 1.5 billion liras in a bid to boost exports. "While extending rediscount credits, increase in the share of SMEs (small and medium enterprises) and export performance will be taken into account as has been the case," the centr

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Türkiye's inflation climbs to 58.94 pct in Aug.

STORY: Türkiye's inflation climbs to 58.94 pct in Aug. DATELINE: Sept. 5, 2023 LENGTH: 00:01:17 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of Turkish shopping in a bazaar, stationery and fish shop (courtesy of ihlas news agency) 2. various of Turkish central bank 3. various of Hafize Gaye Erkan, governor of the Turkish Central Bank 4. various of Mehmet Simsek, Turkish Treasury and Finance Minister 5. various of Turkish shopping in a bazaar STORYLINE: Türkiye's annual inflation rose to 58.94 percent in August, marking the second consecutive month of increase since October last year due to the declining value of Turkish Lira and recent tax hikes, according to official figures on Monday. The figures from the Turkish Statistic Institute showed the consumer price index (CPI) in August rose by 9.09 percent monthly. The CPI experienced a consecutive decline from a peak of 85.51 percent in October 2022 to 38.21 percent in June 2023. The annual inflation rose to 47.83 percent in July, marking the fir

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Türkiye's central bank raises interest rate to 25 pct

STORY: Türkiye's central bank raises interest rate to 25 pct DATELINE: Aug. 25, 2023 LENGTH: 00:01:22 LOCATION: Ankara CATEGORY: POLITICS/ECONOMY SHOTLIST: 1. various of the Turkish central bank and Turkish lira 2. various of Hafize Gaye Erkan, Governor of the Turkish Central Bank 3. various of Mehmet Simsek, Turkish Treasury and Finance Minister 4. various of the Turkish central bank and Turkish lira 5. various of U.S. dollars STORYLINE: Türkiye's central bank on Thursday raised its benchmark interest rate by 750 basis points to 25 percent from 17.5 percent in a move against high inflation and currency fluctuations. "The Monetary Policy Committee has decided to raise the policy rate (the one-week repo auction rate) from 17.5 percent to 25 percent," the central bank said in a statement. The central bank noted recent indicators point to a continued increase in the underlying trend of inflation. The policy rate will be determined in a way that will create monetary and financial conditions necessa

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Türkiye's current account deficit hits 7.93 bln USD in May

STORY: Türkiye's current account deficit hits 7.93 bln USD in May DATELINE: July 12, 2023 LENGTH: 00:01:28 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of Turkish flags 2. various of Turkish central bank 3. various of the U.S. banknotes 4. various of Turkish central bank 5. various of Treasury and Finance Minister of Türkiye, Mehmet Simsek 6. various of the U.S. banknotes 7. various of Turkish central bank STORYLINE: Türkiye's current account registered a deficit of 7.93 billion U.S. dollars in May, according to the figures released by the Turkish central bank on Tuesday, higher than expected. Economists participating in the semi-official Anadolu Agency's expectation survey expected the current account in May to have a deficit of 7.03 billion dollars. The country's current account deficit was 5.4 billion dollars in April, while the deficit in the first five months of 2023 stands at 37.7 billion dollars, official data showed. Türkiye's deficit in 2022 was about 48.7 billion dollars. To narrow

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Türkiye to "gradually" return to rational economic policies: finance minister

STORY: Türkiye to "gradually" return to rational economic policies: finance minister DATELINE: June 28, 2023 LENGTH: 00:00:55 LOCATION: ISTANBUL, Türkiye CATEGORY: ECONOMY SHOTLIST: 1. various of Turkish Central Bank 2. various of Mehmet Simsek, Turkish Treasury and Finance Minister (file) 3. photo of Turkish Treasury and Finance Minister Mehmet Simsek's official Twitter account 4. various of Turkish Central Bank, Turkish lira STORYLINE: Turkish Treasury and Finance Minister Mehmet Simsek on Tuesday promised that the government would press ahead with rational economic policies, noting efforts to strengthen the country's reserves were at full speed. "The return to rational policies will continue gradually," Simsek said on his official Twitter account. Simsek was appointed by President Recep Tayyip Erdogan as finance minister after a tough election in May. Erdogan, who defends lower rates as a means to stimulate growth, has said he would accept the policies taken by his new economic team to get the country

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Turkish lira dips after central bank hikes interest

STORY: Turkish lira dips after central bank hikes interest DATELINE: June 23, 2023 LENGTH: 00:01:30 LOCATION: ISTANBUL, Türkiye CATEGORY: ECONOMY SHOTLIST: 1. various of Istanbul city in Türkiye 2. various of an exchange office in Istanbul, Türkiye 3. various of the Istanbul Stock Exchange in Türkiye 4. various of Türkiye's central bank 5. various of Hafize Gaye Erkan, governor of Türkiye's central bank (courtesy of Ihlas news agency) 6. various of Turkish President Recep Tayyip Erdogan in Ankara, Türkiye (file) 7. various of Turkish Finance Minister Mehmet Simsek in Ankara, Türkiye (file) STORYLINE: Turkish currency on Thursday hit an all-time low against the U.S. dollar after the central bank hiked the interest rate well below market expectations. The lira hit 24.49 against the greenback on Thursday afternoon after the rate decision, dropping further from Wednesday's rate of 23.55. The currency's depreciation against the greenback has exceeded 20 percent since the beginning of the year. Meanwhile, Türk

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Turkish president vows to reduce inflation to single digits

STORY: Turkish president vows to reduce inflation to single digits DATELINE: June 18, 2023 LENGTH: 0:01:12 LOCATION: ISTANBUL, Türkiye CATEGORY: POLITICS SHOTLIST: 1. various of Istanbul city in Türkiye 2. various of the press conference by Turkish President Recep Tayyip Erdogan in Istanbul, Türkiye 3. various of the press conference by the Treasury and Finance Minister Mehmet Simsek in Ankara, Türkiye (file) STORYLINE: Turkish President Recep Tayyip Erdogan said on Saturday that his government would focus on reducing inflation to single digits from the current nearly 40 percent. "The uncertainty of the election time is now over. Our hand is stronger," Erdogan told Turkish exporters during a meeting of the Turkish Exporters Assembly in Istanbul. "We will reduce the inflation, which has been a headache also for the world, to single digits... Our new economic leadership will prioritize this issue," he said. Türkiye's annual inflation fell to 39.59 percent in May after hitting a 24-year high of 85.

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Turkish lira sinks to record low against USD

STORY: Turkish lira sinks to record low against USD DATELINE: June 8, 2023 LENGTH: 00:01:22 LOCATION: ISTANBUL, Türkiye CATEGORY: ECONOMY SHOTLIST: 1. various of Istanbul 2. various of the currency exchange office in Istanbul 3. various of Istanbul Stock Exchange 4. a file footage about a press conference of Turkish President Recep Tayyip Erdogan in Ankara (Ihlas News Agency) 5. a file footage about a press conference Turkish Finance Minister Mehmet Simsek in Ankara (Ihlas News Agency) 6. various of Istiklal Street in Istanbul STORYLINE: The Turkish currency hit an all-time low against the U.S. dollar on Wednesday, trading at over 23 liras. After seeing 23.17 at 1:23 p.m. local time (1023 GMT) against the greenback, the lira stood at 23.05, losing around 7 percent of its value in a single day. The currency tested over 25 thresholds against the Euro in the morning and later dropped to 24.85. Meanwhile, the benchmark BIST-100 Index at the Istanbul Stock Exchange exceeded the 5,600 level on the same day, r

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Türkiye's re-elected Erdogan announces major reshuffle in new cabinet

STORY: Türkiye's re-elected Erdogan announces major reshuffle in new cabinet DATELINE: June 4, 2023 LENGTH: 00:01:04 LOCATION: Ankara CATEGORY: POLITICS SHOTLIST: 1. various of the press conference of Turkish President Recep Tayyip Erdogan (courtesy of ihlas news agency) STORYLINE: Turkish President Recep Tayyip Erdogan announced on Saturday a major reshuffle in his cabinet, appointing new ministers for foreign affairs, treasury and finance, defense and vice president. Hakan Fidan, who has been at the helm of the National Intelligence Organization since 2010, assumes the role of foreign minister. The 55-year-old new top diplomat is considered one of Erdogan's closest confidants. The new treasury and finance minister is Mehmet Simsek, who served as finance minister and deputy prime minister from 2009 to 2018. Simsek is a respected economist who is seen as a safe pair of hands in the turbulent Turkish economy. Yasar Guler, who previously served as the chief of general staff and is seen as a hardli

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Consumer products expo provides opportunities for exploring Chinese market: business leader

STORY: Consumer products expo provides opportunities for exploring Chinese market: business leader DATELINE: April 14, 2023 LENGTH: 00:01:43 LOCATION: ISTANBUL, Türkiye CATEGORY: ECONOMY SHOTLIST: 1. various of the venue for the third China International Consumer Products Expo 2. SOUNDBITE 1 (Turkish): COSKUN SIMSEK, Head of the China Trade Center in Istanbul 3. SOUNDBITE 2 (Turkish): COSKUN SIMSEK, Head of the China Trade Center in Istanbul 4. SOUNDBITE 3 (Turkish): COSKUN SIMSEK, Head of the China Trade Center in Istanbul 5. SOUNDBITE 4 (Turkish): COSKUN SIMSEK, Head of the China Trade Center in Istanbul 6. SOUNDBITE 5 (Turkish): COSKUN SIMSEK, Head of the China Trade Center in Istanbul 7. various of street scenes in China STORYLINE: A Turkish business leader says the third China International Consumer Products Expo (CICPE) currently underway in China's Hainan provides excellent opportunities for global companies to explore the Chinese market and products. The 6-day Hainan expo will wrap up on Saturday

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G-20 to use "all policy tools" for growth amid Brexit risks

Turkish Deputy Prime Minister Mehmet Simsek (L) talks with Chinese Finance Minister Lou Jiwei during a group photo session in Chengdu, Sichuan Province, southwest China, on July 24, 2016, following a two-day meeting of finance ministers and central bank chiefs from the Group of 20 major economies. (Kyodo) ==Kyodo