Lira Rally Shows Growth Catching Up to China

[ekrem]

- 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