Berat

Turkey is conducting talks to establish swap lines with members of G20, with more than one swap line possible, said the country's treasury and finance minister.

"We are doing one-to-one swap negotiations with G20 countries with which we have a trade deficit and a free trade agreement," Berat Albayrak said in a closed-door online meeting with international investors.

Turkish Treasury and Finance Minister Berat Albayrak has ensured international investors that Turkey's reserves are sufficient and Ankara has been holding swap line talks with other countries.

The Turkish Central Bank's reserves are adequate to meet short-term needs, the treasury and finance minister has said, highlighting that its gross reserves stood at $53 billion as of April 24.

"Our country has kept its current account balance [stable] and it is not in financial need from any channel," Berat Albayrak told daily Sabah on May 4.

Turkey provided interest-free six-month postponement for farmers' loans amid the coronavirus pandemic, the treasury and finance minister announced on April 28. 

"Thus, we offer our farmers the opportunity to postpone approximately 6 billion Turkish liras ($858.1 million) debt," Berat Albayrak said on Twitter.

The Union of Chambers and Commodity Exchanges of Turkey (TOBB) on April 27 unveiled a loan package of 6 billion Turkish Liras ($858.6 million) for its members to help them overcome the financial hardships caused by the coronavirus crisis.

The Turkish government's steps to support the economy in the face of the coronavirus pandemic have reached a value of 200 billion Turkish Liras ($28.7 billion), Finance Minister Berat Albayrak has said.

"The total value of the steps we have taken so far has reached 200 billion lira," Albayrak said in a video posted on his Twitter account on April 25.

Turkey's government has distributed over 12 billion Turkish Liras ($1.75 billion) to 2.1 million low-income households amid the COVID-19 pandemic, Treasury and Finance Minister Berat Albayrak said April 15, adding that 2.3 million more households would receive aid soon.

Turkey announced on April 7 financial support for employees forced to take unpaid leave amid the novel coronavirus pandemic.

"Our citizens who are on unpaid leave, do not worry. We'll provide salary support for them, too," Treasury and Finance Minister Berat Albayrak said in a video posted on Twitter.

The Turkish government will take every precaution to make the people get through the hardships caused by the coronavirus pandemic, the treasury, and finance minister has said in a video message.

"Now, we have focused on demands coming from our citizens, particularly shopkeepers and businesspeople," said Berat Albayrak in the 10-minute video posted to his Twitter account.

Turkey will unveil measures to reduce the economic impact of the coronavirus outbreak this week, the treasury and finance minister said on March 16.

"President Recep Tayyip Erdoğan will announce steps to be taken this week," Berat Albayrak said on Twitter.

Albayrak stressed that the country prioritized being prepared for the effects of coronavirus outbreak on the economy.