Turkish business chief criticises central bank as lira falls further

CBRT
The Central Bank of the Republic of Turkey
Photo: CBRT

Turkey’s currency remained near its record low against the US dollar as one of the country’s major business lobby groups publicly criticised the central bank.

Erdal Bahçıvan, chairman of the Istanbul Chamber of Industry, said the Turkish central bank was severely restricting credit to firms that were not major exporters. He was speaking on July 29 to an audience that included central bank governor Şahap Kavcıoğlu, Reuters reported.

The central bank, state-owned export-import bank Türk Eximbank

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