Turkish Finance Minister Mehmet Şimşek denies resignation rumors

In a statement posted on X, Şimşek addressed the speculation, emphasizing that he remains in his position and that the allegations are baseless.

"The scenarios being circulated are incorrect," Şimşek stated, underscoring the solidarity within the economic management team. He highlighted that the team operates with a strong sense of collective responsibility and is dedicated to achieving daily improvements in the country's economic landscape.

Şimşek expressed concern over the continued spread of these rumors, despite official denials, suggesting that those perpetuating the false information are not acting in good faith. "We will not allow false stories to impact our economy or markets. Please do not be misled," he urged the public.

Reassuring citizens about the effectiveness of Turkey's economic stability and reform programs, Şimşek pointed to several positive developments, including a narrowing current account deficit, improved Central Bank reserves, and the ongoing transition from the Currency Protected Deposit (KKM) system.

He also addressed efforts to mitigate the budgetary impacts of pension reforms (EYT) and the recent earthquake, noting that measures are being implemented to enhance budgetary balance and advance towards price stability.

Şimşek acknowledged the unwavering support of President Recep Tayyip Erdoğan, emphasizing that under the President's leadership, the primary goal is to permanently improve the well-being of the Turkish people. He stressed that the economic team's sole mission is to serve the nation and that any fabricated stories aimed at undermining their efforts only strengthen their commitment to their work. (ILKHA)