Yased's Statement About Fighting Inflation
Ahmet Erdem, the Chairman of the International
Investors Association (YASED) stated that the Program for Fighting Against
Inflation prepared by the Ministry of Treasury and Finance includes solutions
for ensuring stability in the economy and financial markets, he continued: “As YASED, we fully support the fight
against inflation, which is a significant part of the current balancing
In his written statement, Erdem pointed
out that the current deficit and inflation have recently increased in Turkey causing
fluctuations in exchange rates, and that inflation reaching double digits,
caused adverse developments in the real sector and money markets.
Erdem continued: "We consider the Program of Fighting
Inflation, which was prepared by the Ministry of Treasury and Finance, is a
package which will ensure stability in markets and will be highly important in
fighting inflation that recently increased in parallel to domestic and foreign
developments. We support this program fully. We believe that within the
framework of this program, a full collaboration of the private industry and Turkish
citizens will quickly bring success in terms of fighting inflation.
need for foreign financing, and its insufficient rates of savings cause the
risks and fluctuation of exchange rates we experience in the Turkish economy today. Therefore, we are
very pleased that the fight against the current deficit and inflation is among
the top priorities of our economic management.
As a country, we should pay attention to monetary and
financial discipline to manage the fight against inflation, which has risen due
to recent increased exchange rates and consumption-based rapid growth. As
YASED, tasked with improving the business and investment environment of Turkey,
and enhancing our global competitiveness and sustainable growth, we are
dedicated to continue being a solution partner of the government. With our
ultimate belief and confidence in Turkey's potential and future, as
international investors, we believe with a strong coordination and solidarity
between the public and private sector, we will leave behind this current
challenging process very soon."
the Chairman of YASED (International Investors Association)