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Turkey's Yilmaz on dollarization

In the speech 'Dollarization - consequences and policy options' given on 14 December Durmus Yilmaz of the Central Bank of Turkey said it is apparent that the level of dollarization in Turkey is still high, which is an important challenge for monetary policy-making.

"Obviously, the dollarization is not declining fast naturally. This confirms the evidence that even if the inflation falls and the macroeconomic stability is maintained to great extent, the memories of the past inflationary and

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