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Turkey-Economic Crisis
Istanbul, Turkey - Aug 13, 2018 (CCTV - No access Chinese mainland)
1. Various of boats on Bosporus Strait
2. Various of Blue Mosque, trees
FILE: Istanbul, Turkey - Date Unknown (CCTV - No access Chinese mainland)
3. Turkish national flag
4. Sekerbank building
5. Various of board showing currency exchange rates for Turkish lira
Istanbul, Turkey - Aug 13, 2018 (CCTV - No access Chinese mainland)
6. Various of people in bazaar, shopping mall
FILE: Istanbul, Turkey - Date Unknown (CCTV - No access Chinese mainland)
7. Traffic
8. Various of pedestrians
FILE: Washington D.C., USA - Date Unknown (CCTV - No access Chinese mainland)
9. Building of International Monetary Fund (IMF)
10. IMF logo, sign
FILE: Washington D.C., USA - July 26, 2018 (CCTV - No access Chinese mainland)
11. Sign of IMF
FILE:Washington D.C., USA - Date Unknown (CCTV - No access Chinese mainland)
12. IMF logo
FILE: Washington D.C., USA - Date Unknown (CGTN - No access Chinese mainland)
13. Visitors outside White House
14. U.S. national flag
15. Various of Capitol Hill
16. Various of U.S. Department of Commerce building, sign
Turkish Treasury and Finance Minister Berat Albayrak Thursday said that the country has no plan to ask the International Monetary Fund for assistance over economic difficulties, nor resort to capital controls.
The minister made the statements as he tried to calm international investors and market makers by affirming, to more than 3,000 investors in a conference call, that Ankara remains committed to the free market.
Saying the country knows all its domestic challenges, and will come out of the current market volatility stronger, Albayrak stressed that Ankara will respect fiscal discipline and combat inflation while focusing on attracting direct foreign investment.
He assured those listening that Ankara will navigate through this period of American sanctions with other parties, as a lot of countries across the world are facing similar problems from the U.S., and that the response to such sanctions should be a coordinated one.
Meanwhile, Turkey will cut public spending, and that all ministries have an ambitious program in this field and investment portfolios will be renewed, the financial minister emphasized.
The United States and Turkey are engaged in a bitter and complex diplomatic and trade dispute over Turkey's detention of U.S. pastor Andrew Brunson.
U.S. President Donald Trump doubled tariffs on Turkish metal exports to the United States last week. In response, Ankara raised tariffs on American goods, such as cars, tobacco and alcohol.
Turkey-Economic Crisis
Dateline : Aug 13, 2018/File
Location : Turkey
Duration : 1'40
Istanbul, Turkey - Aug 13, 2018 (CCTV - No access Chinese mainland)
1. Various of boats on Bosporus Strait
2. Various of Blue Mosque, trees
FILE: Istanbul, Turkey - Date Unknown (CCTV - No access Chinese mainland)
3. Turkish national flag
4. Sekerbank building
5. Various of board showing currency exchange rates for Turkish lira
Istanbul, Turkey - Aug 13, 2018 (CCTV - No access Chinese mainland)
6. Various of people in bazaar, shopping mall
FILE: Istanbul, Turkey - Date Unknown (CCTV - No access Chinese mainland)
7. Traffic
8. Various of pedestrians
FILE: Washington D.C., USA - Date Unknown (CCTV - No access Chinese mainland)
9. Building of International Monetary Fund (IMF)
10. IMF logo, sign
FILE: Washington D.C., USA - July 26, 2018 (CCTV - No access Chinese mainland)
11. Sign of IMF
FILE:Washington D.C., USA - Date Unknown (CCTV - No access Chinese mainland)
12. IMF logo
FILE: Washington D.C., USA - Date Unknown (CGTN - No access Chinese mainland)
13. Visitors outside White House
14. U.S. national flag
15. Various of Capitol Hill
16. Various of U.S. Department of Commerce building, sign
Turkish Treasury and Finance Minister Berat Albayrak Thursday said that the country has no plan to ask the International Monetary Fund for assistance over economic difficulties, nor resort to capital controls.
The minister made the statements as he tried to calm international investors and market makers by affirming, to more than 3,000 investors in a conference call, that Ankara remains committed to the free market.
Saying the country knows all its domestic challenges, and will come out of the current market volatility stronger, Albayrak stressed that Ankara will respect fiscal discipline and combat inflation while focusing on attracting direct foreign investment.
He assured those listening that Ankara will navigate through this period of American sanctions with other parties, as a lot of countries across the world are facing similar problems from the U.S., and that the response to such sanctions should be a coordinated one.
Meanwhile, Turkey will cut public spending, and that all ministries have an ambitious program in this field and investment portfolios will be renewed, the financial minister emphasized.
The United States and Turkey are engaged in a bitter and complex diplomatic and trade dispute over Turkey's detention of U.S. pastor Andrew Brunson.
U.S. President Donald Trump doubled tariffs on Turkish metal exports to the United States last week. In response, Ankara raised tariffs on American goods, such as cars, tobacco and alcohol.
ID : 8088230
Published : 2018-08-17 12:58
Last Modified : 2018-08-17 21:24:00
Source : China Central Television (CCTV)
Restrictions : No access Chinese mainland
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