Monday, August 15, 2011

Turkish Lira Undervalued by 5% to 10%, Central Bank Governor Basci Says - Bloomberg

"Turkish Lira Undervalued by 5% to 10%, Central Bank Governor Basci Says

By Steve Bryant - Aug 15, 2011 7:38 AM ET

Turkey’s lira is about 5 percent or 10 percent undervalued against a basket comprising the dollar and the euro, central bank Governor Erdem Basci said. "

More:Turkish Lira Undervalued by 5% to 10%, Central Bank Governor Basci Says - Bloomberg