"Exporters expect higher dollar
Thursday, June 1, 2006
IZMIR - Turkish Daily News
Recent activities in the markets have saved the Turkish export industry from falling off a cliff, according to Oğuz Satıcı, head of the Turkish Exporters Assembly (TIM).
�We predict a small positive movement upwards in foreign exchange rates, towards the end of the year,� he said.
During a press conference in Izmir Satıcı said if the rise in the exchange rates had occurred some time earlier, the Turkish economy would be in a much stronger position now. �Exchange rate policies of the past were indexed to importation. After the latest increases [in YTL versus the dollar], a healthier development took place in terms of exports,� he said. "
More:Exporters expect higher dollar - Turkish Daily News Jun 01, 2006
