Turkey tries to calm market turmoil after top banker sacked ...Kuwait

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Turkey tries to calm market turmoil after top banker sacked
Turkey officials are trying to reassure markets after the abrupt sacking of the central bank chief during the weekend. Turkish officials on Monday tried to calm the turmoil triggered by President Recep Tayyip Erdogan's abrupt decision to sack his reformist central bank chief, insisting they would stick with free market rules. Finance Minister Lutfi Elvan issued a statement early Monday to try and reassure investors. "There will be absolutely no move away from the free market mechanism," Elvan said in a statement. "We will continue with determination to implement the liberal exchange system." Elvan also reiterated Turkey's commitment to fighting inflation which has been gathering pace for m

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