On April 22, 2024, Turkish Minister of Treasury and Finance, Mehmet Şimşek, expressed his surprise regarding the political exploitation of the term “locals” within the context of his recent discussions in the United States. He emphasized the importance of strengthening the program and accelerating structural reforms as vital measures to address inflation and improve the situation for Turkish assets and local investors. The Minister also called attention to the careful use of economic terminology in public discourse.

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