Turkey's Removal from the Grey List and Its Economic Impacts

Turkey’s Removal from the Grey List and Its Economic Impacts

FATF Grey List and Turkey's Exit

Turkey has been removed from the Financial Action Task Force (FATF) grey list, highlighting the reliability and effectiveness of Turkey’s policies once again. This is a significant boost for the Turkish economy. Experts emphasize that this removal will lead to an increase in investor inflows.

FATF General Assembly and Turkey's Efforts

The FATF General Assembly, held between June 23-28, 2024, under Singapore’s presidency, announced that both Turkey and Jamaica were removed from the grey list. This decision is a result of Turkey’s efforts in combating money laundering and terrorism financing. Treasury and Finance Minister Mehmet Şimşek announced this achievement with the message “We succeeded.” Vice President Cevdet Yılmaz stated that the confidence of international investors in Turkey has strengthened.

FATF General Assembly and Turkey's Achievement

The FATF General Assembly, held between June 23-28, 2024, under Singapore’s presidency, announced that Turkey and Jamaica were removed from the grey list. This decision is a result of Turkey’s efforts in combating money laundering and terrorism financing. Treasury and Finance Minister Mehmet Şimşek announced this achievement with the message “We succeeded.” Vice President Cevdet Yılmaz stated that the confidence of international investors in Turkey has strengthened.

Economic Impacts and Investor Confidence

The removal from the grey list will positively impact the Turkish economy. Investor interest in Turkey will increase, global trade relations will strengthen, and capital flow will accelerate. This will increase demand for Turkish lira assets, positively affecting the fight against inflation. Trade Minister Ömer Bolat highlighted that this development reinforces Turkey’s international credibility and economic stability.