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Saturday, October 01, 2011

Basci Forecasts Turkish Lira Rally, Says Losses Are ‘Temporary’ - Businessweek

Basci Forecasts Turkish Lira Rally, Says Losses Are ‘Temporary’
October 01, 2011, 6:36 AM EDT

By Emre Peker

Oct. 1 (Bloomberg) -- Turkish central bank Governor Erdem Basci said declines in the lira are “temporary” and the currency will appreciate within a year.

More:Basci Forecasts Turkish Lira Rally, Says Losses Are ‘Temporary’ - Businessweek