Ankara: Turkish President Recep Tayyip Erdogan has declared that Trkiye's financial system is robust enough to withstand potential economic shocks, highlighting the nation's strong liquidity and capital buffers within its banking sector.

According to Anadolu Agency, Erdogan addressed these points following a Cabinet meeting in the capital, emphasizing the Turkish Central Bank's reserves, which currently stand at approximately $200 billion. He pointed out that these reserves are a testament to the strength of the country's financial system. Erdogan stated, "Our central bank reserves are around $200 billion. Our financial system, with its solid capital structure and strong liquidity, has the capacity to absorb any risks."

Furthermore, Erdogan assured that Trkiye's energy supply security is not at risk. This confidence is attributed to strategic investments, agreements, and precautionary measures that have been implemented over recent years. He also mentioned the proactive steps taken by regulatory authorities to maintain market stability. "The Capital Markets Board and Borsa Istanbul have rapidly implemented regulations to ensure the safe and orderly functioning of the markets," Erdogan added.

In terms of international trade, Erdogan specifically addressed the trade flows with Iran, confirming that there are no disruptions or congestion at Trkiye's three border crossings with the neighboring country.