Turkey's new credit guarantee fund package worth 60 bln lira, minister says

Turkey's finance minister announced on Saturday a new credit guarantee fund package worth 60 billion lira ($4.44 billion), including investment and export incentives, each worth 25 billion lira.

Finance Minister Nureddin Nebati said the main aim of the new model, also announced on Saturday, was to bring "under-the-mattress" gold into the economy.

Reporting by Ece Toksabay; Editing by Andrew HeavensSubscribe to our daily curated newsletter to receive the latest exclusive Reuters coverage delivered to your inbox.

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