Turkey News
Citizens' hidden wealth exceeds Turkey's central bank reserves
Turkey's Vice President Cevdet Yılmaz stated that the amount of dollars and gold held by citizens under their mattresses exceeds the Central Bank's reserves of $178.4 billion as of August 7. He expressed a desire for this wealth to enter the financial system to lower Turkey's risk premium.
Turkey Minister Pledges $100M for Kütahya Businesses
Trade Minister Ömer Bolat announced an additional 100 million lira in financial support for businesses in Kütahya. The city's exports are projected to exceed $1 billion this year.
Two arrested for smuggling drugs internally in Turkey
Two foreign nationals were arrested in Niğde, Turkey, after authorities discovered they were internally smuggling approximately half a kilogram of drugs in capsules within their stomachs and intestines.
