Cevdet Yılmaz: Türkiye is off the grey list today


Lerato Khumalo

Vice President Cevdet Yılmaz said that Turkey is out of the gray list as of today.

Making a statement from the X account regarding FATF’s removal of Turkey from the grey list, Yilmaz said, “With this development, the trust of international investors in our country’s financial system has been further strengthened.” Yilmaz said that the inflow of international resources to Turkey will accelerate.

Cevdet Yılmaz’s messages are as follows;

“Thanks to the action plan we have completed to prevent money laundering and financing of terrorism, Turkey has been removed from the gray list today.

With this development, international investors’ confidence in our country’s financial system has become even stronger. The decision will have extremely positive consequences for both our financial sector and our real sector.

Turkey’s exit from the gray list will accelerate international resource inflow and have a positive impact on borrowing costs. The increase in interest in Turkish lira assets due to the acceleration of capital flows to our country will also accelerate the disinflation process. “We would like to thank all institutions and organizations that contributed to this process, especially our Ministry of Treasury and Finance.”