Financial Stability Committee

The Financial Stability Committee discussed steps to be taken regarding the wider use of the Turkish payments system TROY, according to a statement released after the committee's meeting. The committee convened on Oct. 27, chaired by Treasury and Finance Minister Nureddin Nebati.

Turkey's new landmark economic reform package aims to attract delayed investments, the country's minister of treasury and finance said on March 16. 

"Global investments narrowed by over 40% in the pandemic period. We're facing delayed demand," Lütfi Elvan told Anadolu Agency's Editor's Desk in the capital Ankara.

Business representatives have expressed their appreciation for Turkey's new economic reform package aimed at boosting investment, production, jobs, and exports.

At its latest meeting the Financial Stability Committee discussed problems in the private sector's management of foreign exchange risks, Turkey's Treasury stated on Dec. 29.      

Banking Regulation and Supervision Agency (BDKK) head Mehmet Ali Akben has said a Chinese lender has shown interest in taking a banking license in Turkey. 

He noted a high-level delegation from the Bank of China will visit officials from Turkey?s banking watchdog on Sept. 10. 

Turkish industrial production was up sharply in June, as manufacturing and energy output surged, the Turkish Statistical Institute reported on Aug. 7.

Industrial production increased 5.5 percent in June, compared with the same month last year, the report said. Production was also up 2.4 percent from May 2015.