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Markets look to new economic era under Simsek
June 5th, 2023 - 09:57 GMT

Turkish markets look to new economic era under Simsek

ALBAWABA – Turkish President Recep Tayyip Erdogan appointed former Wall Street banker Mehmet Simsek as Finance Minister Saturday, as investors and traders look to the new minister to restore “rational” economic policies in Turkey, Bloomberg reported on Monday. Turkey’s stock market rallied last week on expectations of Simsek’s appointment , a former Merrill Lynch strategist and personal friend to Erdogan. However, Bloomberg questions Simsek’s ability to immediately pivot on policy ...
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