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Turkey's PM: 'There's a need for foreign currency; central bank is handling it'

BİRGÜN DAİLY 24.11.2016 23:40
Turkey's PM: 'There's a need for foreign currency; central bank is handling it'
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Reuters – 24 November 2016, Thursday

There is a need for foreign currency in Turkey now, and the central bank is taking steps to meet it, Prime Minister Binali Yıldırım said on Thursday.

Yıldırım also said that top economic officials did not discuss monetary policy at the latest meeting of the Economic Coordination Committee, which was convened on Wednesday night, on the eve of Turkey's central bank meeting.

"There is a need for foreign currency now, the central bank is taking necessary measures to meet this," he said in comments broadcast live on television. Earlier on Thursday, the central bank lifted interest rates for the first time in nearly three years, amid a sell-off in the lira currency.

Source: http://www.reuters.com/article/turkey-cenbank-minister-currency-idUSL8N1DP4UJ

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