Lira to dollar peg not being reconsidered. Minister of Finance: Stability of the local currency is crucial

The lira peg to the dollar will not be part of public finance reform said Caretaker Minister of Finance Ali Hassan Khalil.

The stability of the lira is crucial, he said.

Khalil said that the reforms include managing public debt and rescheduling it in coordination with the Central Bank and the local banks. "There is no intention to restructure the debt or violate the rights of sovereign bondholders," he said.

The fiscal reforms proposed by the Ministry of Finance are part...

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