Turkey has no target for floated lira-Dervis

TURKEY - Turkish Economy Minister Kemal Dervis on Apr 14 said there is no target value for the country's lira currency, which has fallen over 40 percent against the dollar since its float in late February 2001.

"We are now in a floating currency regime, and neither the government nor the central bank has nor should have a target for the currency in mind," Dervis told a news conference while announcing the country's new economic plan.

That plan is aimed at replacing Turkey's $11.5 billion IMF pa

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: