Erdoğan Says Turkish Capital Market Resilient, Vows Action in Funds Case

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Turkish President Recep Tayyip Erdogan said on Monday (28/9) that the liquidity problems faced by investment funds do not pose a threat to the country's financial stability. Speaking after a cabinet meeting in Ankara, Erdogan said the government was working to immediately take all necessary measures to address the situation. The Turkish president also said that the government would not allow citizens' rights to be violated through market manipul…

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Erdogan said that the relevant authorities are proceeding "with the utmost caution" due to the nature of capital markets.

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President Erdoğan: "Given the nature of capital markets, we are proceeding with extreme caution, and the work related to the liquidation process of the closed funds is being carried out meticulously."