Central Bank of Türkiye

Treasury and Finance Minister Mehmet Şimşek welcomed Standard & Poor's (S&P) decision to raise Türkiye's credit rating, highlighting the country's unique achievement of receiving two-notch upgrades from three major credit rating agencies this year.

The proliferation of digital channels and the increased cost of carrying cash due to high inflation have boosted the use of debit and personal credit cards (PCCs), the Central Bank of Türkiye has said.

There has been an unprecedented improvement in the Central Bank of Türkiye's dollar reserves, Finance Minister Şimşek said on Monday.

"The Central Bank's daily balance sheet shows an improvement of almost $49 billion between April 1 and 16. This is an improvement unprecedented in history," Şimşek said in an interview with TRT Haber.

Fatih Karahan, governor of the Central Bank of Türkiye (CBRT), has stated that as a team they are closely monitoring monthly price developments.

The Saudi Fund for Development (SFD) and the Turkish Central Bank have signed an agreement for the SFD to make a 5$5 billion deposit in the bank.