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Business & Finance

Turkish finance minister says no capital movement restrictions

Published January 30, 2014 Updated January 30, 2014 12:39pm
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By Shoaib Ur Rehman
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imageANKARA: Turkish Finance Minister Mehmet Simsek said on Thursday that the government will not introduce any restrictions on capital movements, adding Turkey would seek to improve the investment environment and continue reforms.

Turkey did not plan to change its floating exchange rate system, he said.

Speaking to reporters a day after Prime Minister Tayyip Erdogan referred to a possible "out of the ordinary" economic package, Simsek said it was too early to start discussing tax breaks for certain sectors.

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