Attending a symposium in capital Ankara, Albayrak said: "The U.S. dollar has been turned into a tool for diplomatic punishment. The U.S. dollar has lost its credibility."

The minister said Turkiye will take steps keeping in view the free-market to reduce currency risk of companies.

"We will determine companies affected by rising foreign currencies and we will continue to put them at ease," he added.

He also said tangible and effective reforms will be the most important part of Turkiye's economic policy in the coming period.

ILKHA