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 pact

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

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 individual account here: