ORDU, Turkey

Preliminary indicators show Turkey has entered a strong rebalancing period, the country’s finance and treasury minister said on late Thursday.

In the last 15 months, Turkey after facing three major currency attacks took measures to lift the economy, Berat Albayrak told a gathering of business people in the Black Sea province of Ordu.

These attacks tried to reduce the value of the Turkish lira against other major currencies (U.S. dollar, U.K. pound, Euro) so as to rise the inflation rate and collapse the Turkish economy, he added.

However, Turkey came out stronger from the attacks and took measures

Read more: Turkey enters rebalancing period: Finance minister