Meeting on economic situation in Turkey chaired by Erdogan

A special meeting was held on the economic situation in Turkey on Sunday in Istanbul which was chaired by Prime Minister Recep Tayyip Erdogan. The meeting was also attended by Economy Minister Zafer Caglayan, Finance Minister Mehmet Simsek, Development Minister Cevdet Yilmaz and ruling Justice and Development Party (AKP) deputy head Numan Kurtulmus. "Due to global developments and the events that took place recently, there have been fluctuations in exchange rates, the stock market index and the cost of internal and external debt, the same as other developing countries. Our Central Bank and other institutions are making the necessary steps to reduce to the minimum the negative effects of these developments that are affecting all developing countries," the Prime Minister's office said in a statement following the meeting, adding, "Our Central Bank is implementing policies contributing to financial stability. We are pursuing our structural reforms with determination."