Turkey was now more resistant to financial crises and that the government would take any necessary measures in order to minimize the impact of the current global financial problems, Erdogan said at a news conference presenting the Turkish Lira's new bank notes and coins.
"Turkey is resistant to the global crisis thanks to its strong economic structure. We are monitoring developments and will take necessary measures," he said.
The prime minister also said Turkey had no plans to increase the country's bank deposit guarantees. The country currently guarantees up to 50,000 YTL ($39,000).
Turkey reformed its banking system amid a deep financial crisis in 2001 that saw 21 banks being taken over by a government agency. The Turkish banks also have limited foreign exposure, reducing risks.