World Bulletin / News Desk
Simsek's remarks came after the U.S. dollar/Turkish lira exchange rate climbed to over 3.70 and there was a fall of around 3.5 percent in Borsa Istanbul's BIST 100 index, following a visa row between the U.S. and Turkey.
"Our economy has also proven to be resistant to the shocks," Simsek tweeted, adding that the government would maintain macroeconomic stability.
On Sunday, the Turkish embassy in the U.S. suspended processing of non-immigrant visa applications, in retaliation to the U.S. embassy in Ankara which said it had suspended all similar operations in Turkey.
Last week, Turkish national Metin Topuz, confirmed by the U.S.’ Istanbul Consulate as a local employee, was remanded in custody on terror charges by an Istanbul court.
Meanwhile, Turkey's Economy Minister Nihat Zeybekci also said those who trust in Turkey would win.
"Turkey's economy has proven many times that its robustness and potency would not be affected by speculative operations," Zeybekci tweeted.
Turkish stocks showed a steep fall early on Monday, as the benchmark stock index started the week with a 3.66 percent drop to open at 100,324.38.
Since the beginning of this year, the BIST 100 has risen nearly 34 percent and saw its highest peak ever at 110,530.75 points on Aug. 28. The index saw a 5.7 percent fall last month.
The dollar/lira rate stood at 3.7132 as of 4 p.m. local time (1300GMT) on Monday; the nine-month average exchange rate was 3.60.
One dollar was trading for 3.02 Turkish liras on average last year while the U.S. dollar/Turkish lira rate hit an historic high of 3.94 in mid-January.
According to the Turkish Statistical Institute, Turkey's economy grew beyond expectations in the first quarter (5.2 percent) and second quarter (5.1 percent) of this year.
The Turkish economy expanded 3.2 percent last year, while growth in 2015 was 6.1 percent and in 2014 was 5.2 percent.
Local units operating in manufacturing industry work at 77.3 pct capacity in April, says Central Bank
Public sector net borrowing falls by 3.5 billion pounds in 2017-18 financial year, says Office of National Statistics
Indices for service, retail trade, construction sectors fall in current month compared with March: Official data
Data monitoring company IHS Markit also flagged a slight slowdown in France, where strikes were interrupting a resurgent boom on the back of government reforms.
Treasury reports central government debt stock in March rises around 15 pct year-on-year, reaching nearly $235 billion
Sales to foreigners amounted to 1,827, 15.8 pct rise year-on-year, according to official report
BIST 100 slips 0.15 percent; US dollar/Turkish lira exchange rate stands at 4.0460
BIST 100 rises 0.01 percent; US dollar/Turkish lira exchange rate drops to 4.0250
Fresh hopes that Donald Trump and North Korea's leader Kim Jong Un will hold a historic summit within months also provided some much-needed optimism.
The fund cautioned that investors and financial markets expect a steady approach to monetary tightening based on the belief inflation will remain relatively tame.
Turkey's assets abroad go up 2.4 percent at end of February 2018, compared to end of 2017: Turkish Central Bank
BIST 100 decreases 0.12 percent; US dollar/Turkish lira exchange rate stands at 4.1020
Hong Kong and China ended down after fluctuating through the morning on data showing the world's number two economy expanded in January-March at the same rate as the previous three months.
For Turkey, Germany is a very important, indispensable partner: Turkish Energy Minister Albayrak says in Berlin
BIST 100 rises 0.69 percent; US dollar/Turkish lira exchange rate stands at 4.0830