The Economy Coordination Board (EKK) met under the chairmanship of Vice President Cevdet Yılmaz.

Relevant ministers and representatives of various institutions attended the meeting held at the Presidential Complex. One of the prominent topics of the meeting was cryptocurrency regulations.

Emphasizing that the regulation will become law in the coming days

In the statement made after the meeting, it was stated that the progress in the legislative studies regarding the cryptocurrency market was evaluated and the following was stated: "The issues to be included in the draft bill will be evaluated and with the regulation becoming law in the coming days, one of the necessary conditions for our country to be removed from the gray list will be fulfilled."

The explanation was as follows:

In 2023, important steps were taken to fight inflation, ensure fiscal discipline, balance growth, reduce the current account deficit and strengthen reserves.

As a result of determined anti-inflation efforts, end-2023 inflation was below the Medium Term Program (MTP) target. With the re-established fiscal discipline measures, the budget deficit to national income ratio has improved above the predicted level. Last year, a historical export record was broken by exceeding the MTP target. With the ongoing decline in the current account deficit, the demand for TL assets increased, capital inflows strengthened and the Central Bank reserves reached the highest level in the history of the Republic.

Our goal in 2024 is a more balanced and sustainable growth, increased employment, continuation of the disinflation process, increased productivity, improvement in the current account deficit and protection of social welfare.

In this context, the issues discussed at today's Economy Coordination Board (EKK) meeting are as follows:


According to the statement:

  1. Crypto Asset Regulation: Legislative efforts to regulate the crypto asset ecosystem have been evaluated, and the regulation is expected to become law soon, together with the evaluations on the content of the draft bill. This step has been stated as an important step for the country to be removed from the gray list.

  2. State Economic Enterprises (SOEs) Governance Reform: Studies in line with macroeconomic, sectoral and social policies to regulate the activities of SOEs in order to support the sustainability of public finances have been discussed. It has been decided that these studies, carried out under the coordination of the Ministry of Treasury and Finance, will be implemented in 2024.

  3. Structural Reforms Focused on Investment, Employment, Production and Export: Within the framework of the Turkey Century Vision, structural reforms have been planned to increase the competitiveness and efficiency of the economy. These reforms will be implemented with an approach that aims to support investment, employment, production and exports and will aim to increase the competitiveness of the economy.

  4. Effectiveness of Monetary and Fiscal Policies: In addition to the efficiency and effectiveness that structural reforms will provide to the economy, it is planned to contribute to the goal of reducing inflation to single digits in the medium term by playing a complementary role in monetary and fiscal policies through the expectation channel. In this context, the structural reforms specified in the MTP will be put on the agenda at the Economy Coordination Board (EKK) meetings in 2024 and will be closely monitored.