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Gezi protests did no damage to economy, says Turkish finance minister

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Gezi protests did no damage to economy, says Turkish finance minister

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The recent protests in Turkey have had little impact on the economy, according to the country’s finance minister.

The Turkish lira weakened heavily during the demonstrations, but Mehmet Simsek insists the effects have been minimal.

“It is important to note that the Gezi Park protests happened at the same time as the Federal Reserve tried to normalise its monetary policy. Of course, there were some ups and downs on the stock market. But these events will probably have a limited impact on the real economy,” he said.

Turkish regulators plan to investigate currency trades made around the time of the protests..

The aim is to find out if speculators made money from the unrest and how much.

Istanbul’s Gezi Park reopened to the public again on Monday, before being closed three hours later after fresh clashes between police and protesters.