Turkey’s deputy PM Simsek: Capital controls are out of the question

Turkey's deputy PM Simsek was on the wires last minutes, commenting on the macroeconomic policies and overall economy.

Key Headlines:

Turkey to maintain sound macroeconomic policies

Capital controls are out of the question

Banking sector is well capitalized

Has strong asset quality

Meanwhile, USD/TRY tested the highest levels since weekend’s failed military coup near 3.0630, before meeting fresh supply to now trade around 3.0422.