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ŞİMŞEK: TURKEY FACES HIGH INFLATION RISK

Turkish Deputy Prime Minister Mehmet Şimşek who is in charge of economy said one of the greatest problems Turkey faces is high inflation rate. Şimşek said the loss in the lira’s value was the main reason for the country’s double-digit inflation. Şimşek said they would take measures to curb foreign currency debt risks and added that “Big companies say they could manage but as we see, they could not. We will take measures.”

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