Serdengecti: Hot money flows no threat to Turkey

Turkey's central bank governor is "not scared" of hot money flows to the country, the governor of the central bank, Sureyya Serdengecti, said in London on Thursday 27 October.

As a growing economy since 2001, with inflation low by its standards, Turkey has proved a popular destination for investment. Total portfolio investments by non residents, according to the central bank, reached $30 billion by the end of 2004. With another $4.5 billion being added in the first six months of this year.

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