Erdogan says Turkey to take new measures on lira weakness
Turkish lira banknotes are seen in this picture illustration taken in Istanbul October 18, 2011. REUTERS/Murad Sezer
ANKARA (Reuters) - Turkey will take new measures to deal with a slide in the lira and will not refrain from "difficult" steps while remaining within free market economy rules, President Tayyip Erdogan said on Thursday.
In a speech to a traders' confederation in Ankara, Erdogan said nobody should carry out business in foreign currency apart from exporters and importers. Earlier on Thursday he ruled that property sales and rental agreements must be made in lira, putting an end to such deals in foreign currencies.
(Reporting by Ece Toksabay and Tuvan Gumrukcu, Writing by Daren Butler; Editing by Dominic Evans)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Deutsche Bank calls Treasury buyback doubling similar to ’operation twist’
- Natural Gas Inventory 36 bcf vs 31 bcf Expected
- BofA sees dollar weakness continuing with New Zealand dollar gains
Create E-mail Alert Related Categories
ETFs, Forex, Politics, ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!



Tweet
Share