Lira Rally Shows Growth Catching Up to China

Discussion in 'Economy' started by ekrem, Apr 26, 2010.

  1. ekrem
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    ekrem VIP Member

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    - 3,1 % of increase of Turkish Lira against USA in April.
    - 6-10% further increase expected for 2010
    - out 0f Bloomberg followed Emerging Countries, Turkish Currency increses most against US $
    - Turkish economic growth in 1st Quartal 2010 may have exceeded 10%
    - IMF expects Turkey to grow 5,2% total in 2010
    - Turkish Lira is developing into World Currency from status as "Banana Republic"-Currency

    Businessweek
    Lira Rally Shows Turkey Growth Catching Up to China (Update3) - BusinessWeek
     

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