Türkiye removed from FATF grey list, economic benefits expected

Türkiye has been delisted from the Financial Action Task Force (FATF) grey list, underscoring the effectiveness of its implemented policies, Caliber.Az reports via Turkish media.

This development is expected to boost Türkiye's economy in several ways:

1. Increased accessibility for international investment funds.
2. Eased restrictions on cross-border transactions and improved access to loans.
3. Strengthened positive trends in the stock market.
4. Predicted appreciation of assets denominated in Turkish Lira (TL), aiding in the fight against inflation.

The decision follows Türkiye's recent ratification of legislation regulating crypto-assets on June 26, addressing FATF concerns and contributing to its removal from the grey list. The Ministry of Finance and Treasury expressed optimism about the benefits for the country and its citizens.

Türkiye’nin Gri Listeden Çıkarılmasına İlişkin
Basın Açıklaması ( 28 Haziran 2024) pic.twitter.com/dnf8LGYQok

— T.C. Hazine ve Maliye Bakanlığı (@HMBakanligi) June 28, 2024