World Bulletin / News Desk
Speaking at an iftar (fast-breaking) meal with the members of Independent Industrialists' and Businessmen's Association (MUSIAD) in Ankara, Yildirim called the foreign exchange volatility "temporary", stressing that this would not change the status of the Turkish economic growth.
“We will maintain our struggle against inflation,” he underscored.
"The free market economy will remain the same under all circumstances," he said.
Earlier on Wednesday, the Turkish Central Bank announced an increase of late liquidity window interest rates by three percentage points. The borrowing rate was kept at 0 percent while the lending rate was increased from 13.50 to 16.50 percent.
The bank's move came after the U.S. dollar/Turkish lira exchange rate hit a historic high on Wednesday, climbing to around 4.93. Following the bank's decision, the dollar/lira rate fell steeply to below 4.60.
At the beginning of the year, the USD/TRY rate was 3.78 while the average rate was 3.65 last year.
Syrians, Palestinians, others say Turkey needs strong leader like Erdogan
Dimitris Koufodinas, member of November 17 terror group, is serving 11 life sentences for murder
Northern Iraq's Mt. Qandil is major hideout for PKK terrorists
Bahceli, MHP leader predicts Erdogan will win election in first round
Hakan Cavusoglu says US Senate decision on F-35s does not hold 'value' for Turkey
Binali Yildirim says US Senate decision not to affect delivery of F-35s to Turkey
30 pct of all international aid came from Turkey last year, says Development Initiative
Foreign Ministry urges stronger international solidarity to resolve problems of displaced people worldwide
Manbij deal focuses on ridding northern Syrian city of PKK-affiliated YPG terrorists
Yilmaz said when the ruling Justice and Development (AK) Party came to power in 2002, Turkey was last among EU countries in the funding of its education.
Manbij model is important for Syria's future as well, says Turkish Foreign Minister Mevlut Cavusoglu
Two others injured in homemade bomb attack in Siirt by PKK terrorists
Prosecutors in central province of Konya issue arrest warrants for alleged ‘covert imams’ of terror group FETO
Airstrikes kill armed terrorists in northern Iraq, Turkey's Diyarbakir, Sirnak provinces
Figure is expected to increase as voting in Turkish missions to continue until Tuesday, at custom gates till election day