Turkish business chief criticises central bank as lira falls further

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

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 info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

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: