ANKARA: Turkish Prime Minister Binali Yildirim was set to announce measures on Thursday to boost the slowing economy and shore up the recently battered lira, with sources in his office saying a news conference would be held at 3 pm (1200 GMT).
They said he will announce the outcome of last Friday's meeting of the economic coordination committee, including measures on banking, manufacturing and employment.
The committee has recently met several times recently as the lira tumbled. The currency has lost as much as one fifth of its value against the dollar this year.
President Tayyip Erdogan has said Turks should convert forex into gold or lira, a call heeded by Turkish institutions and individuals. The lira has since rebounded sharply to 3.3745 from a record low of 3.6000 on Friday.
Turkey's postal service (PTT) on Thursday converted $172 million into lira, following similar steps by the defence ministry, energy market regulator EPDK and the Istanbul Stock Exchange.
It was not clear what specific action Yildirim would announce but Friday's statement said the committee "decided to take necessary measures regarding public finance, banking and the finance sector, the real sector and the labour market."
It also said a decision was taken to accelerate work on updating its customs union with the European Union, while preparations for the 2017 draft budget, being debated in parliament this week, were reviewed.
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