Speaking at the home textile fair, Trade Minister Ömer Bolat said, “We increased the daily export credit limit of the Central Bank to 3 billion liras. The monthly slowdown in inflation has started. In order to meet the targets set by the Central Bank until the end of the year, we will see rapid declines in annual figures starting from June of the year.”
Trade Minister Ömer Bolat attended the home textile fair organized in Istanbul. Making statements at the fair, Minister Bolat said that as a result of the decision taken jointly with Treasury and Finance Minister Mehmet Şimşek and Central Bank Governor Dr. Fatih Karahan at yesterday’s cabinet meeting, they increased the daily export credit limit of the Central Bank to 3 billion liras.
“Daily export credit limit increased to 3 billion liras”
Stating that they increased the daily credit limit of the Central Bank, Minister Bolat said, “At a time when world trade and the global economy lost momentum, Turkey’s economy grew by 4.5 percent annually in real terms in 2023 and continued its uninterrupted growth for the last 14 quarters. Our national income reached 1 trillion 118 billion dollars for the first time. We broke records by exporting 255.4 billion dollars of goods and 100 billion dollars of services. We talked with our Minister of Treasury and Finance at the cabinet meeting and in consultation with our Central Bank governor, we increased the daily export credit limit of the Central Bank to 3 billion liras. The monthly slowdown in inflation has started. In order to meet the targets set by the Central Bank until the end of the year, we will see rapid declines in annual figures starting from June of the year.”
“We have made great progress in entering the league of giants”
Stating that Turkey has come a long way in the world economy, Minister Bolat said, “Our Ministry is working with all our strength together with our industrialists, tradesmen, exporters and all representatives of our business world to increase production, investment and exports and to contribute to our country’s economy and employment. With the strong leadership of our President, the determined work of our government and the entrepreneurial spirit of our business world, our country has made significant progress in entering the league of giants of the world economy with its quality and wide range of products, fast production based on sensitivity to the environment and human health, fast delivery, trained manpower and knowledge.”
“We will have good news to close our foreign trade and current account deficit”
Stating that there will be good news about foreign trade and current account transactions in the coming period, Minister Bolat said, “There is a great interest in the fairs I have attended since the beginning of 2024. This shows that orders are increasing. The upward trend in our exports of goods and services continues. Every month we exceed the figures of the same month a year ago and break records. On June 3, when we announce the foreign trade figures for May, we will share good news with you. Our progress is quite good. We will share news that we will be happy to close our foreign trade deficit and current account deficit. As the Ministry, our aim is to increase domestic and foreign trade. We have come a long way in both goods and services exports. Now Turkish towels, bathrobes and home textiles are world brands. Turkish white goods are number one in Europe.”
