Turkey Exits International Grey List, Strengthening Investor Confidence
Turkey’s Vice President, Cevdet Yılmaz, announced that the country has been removed from the international grey list following extensive efforts to combat money laundering and terrorism financing.
After successfully completing the action plan, Yılmaz highlighted that international investors’ confidence in Turkey’s financial system has significantly strengthened. He stated that this development will yield highly positive outcomes for both the financial and real sectors, saying, “Turkey’s removal from the grey list will accelerate the inflow of international resources and positively impact borrowing costs.”
Yılmaz emphasized that the acceleration of capital flow would increase interest in Turkish lira assets, thereby expediting the disinflation process. He also extended his gratitude to all organizations involved, particularly the Treasury and Finance Ministry, for their contributions to this success.
Source: Statements by Turkey’s Vice President Cevdet Yılmaz