Turkey’s finance minister conceded that the country has “had a few experiences that don’t reflect well” for investors in an interview defending the country’s financial strength.
Mehmet Simsek defended his government and central bank’s policy to CNBC and pledged to continue to allow free capital movement out of the country.
“We have had a few experiences that don’t reflect well and we are aware of that,” he admitted.
“Domestic issues have been taken out of context and that has reflected negatively on where we stand.”
via CNBC
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Alfonso Esparza
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
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