[ad_1]
Central Bank President Naci Ağbal, the inflation target, “I think 5 percent. In other countries pinches the cause of the Republic of Turkey is to keep inflation at 1-2 percent? We, what are we shy? ” said.
QUESTIONS, ANSWERS
CBRT President Ağbal responded to questions after his presentation to the TBMM Plan and Budget Committee.
Ağbal, regarding the inflation target, “I think 5 percent. In other countries you pinch because the Republic of Turkey is maintaining inflation at 1-2 percent? We, what are we shy? We can do it. The bottom line is lowering long-term interest rates, “he said.
Ağbal said: “The main factor that the Central Bank is responsible for is price stability. The Central Bank will use all its tools throughout the year. We are preparing to start pilot tests in cryptocurrencies in the second half of 2021,” he said .
Ağbal said: “The Central Bank has a gold reserve of 42 billion dollars and a foreign exchange reserve of 49.8 billion dollars, for a total of 91.8 billion dollars.
Regarding digital money, Ağbal reported: “There is an R&D project started. Currently, the conceptual phase of this project is complete. Our goal is to start the pilot tests in the second half of 2021.”
