Turkey Removed from Grey List: Boosting Investor Confidence and Economic Prospects
Turkey has been officially removed from the grey list today, thanks to the completion of its action plan aimed at preventing money laundering and financing terrorism.
This significant development has further strengthened international investors’ confidence in Turkey’s financial system. The decision is expected to yield positive results for both the financial and real sectors.
The removal from the grey list will accelerate the inflow of international capital and reduce borrowing costs for Turkey. Increased interest in Turkish lira assets is set to speed up the disinflation process within the country.
We extend our gratitude to all institutions and organizations, especially the Ministry of Treasury and Finance, for their contributions to achieving this success.
Source: Statements from Turkey’s Vice President, Cevdet Yılmaz.