Turkey's C.Bank says may buy more foreign currency

Governor of Turkey's Central Bank, Durmus Yilmaz, said Thursday his bank may consider increasing the amount of foreign currency bought via auctions.

Turkey's C.Bank says may buy more foreign currency

Governor of Turkey's Central Bank, Durmus Yilmaz, said Thursday his bank may consider increasing the amount of foreign currency bought via auctions.

Speaking to reporters in Ankara, Yilmaz said that, in recent times, there has been an increase in capital flow to developing countries in the world.

We are thinking about the possibility of buying more foreign currency through auctions, Yilmaz underlined.

In response to a question on the possible impact of the financial crisis in Greece on Turkey, Yilmaz said that, since Turkey did not have a great trade volume with Greece, Turkey
would not be much affected.

"Our imports from Greece and exports to Greece and the flow of capital between the two countries are not much high. As such, Turkey would not be much affected by the
economic crisis in Greece. Nonetheless, the financial crisis in Greece will have a negative impact on the region, Balkan countries and the EU itself," Yilmaz said.

Asked about the consequences of importing red meat, Durmus Yilmaz said that the prices of red meat would go down after Turkey imports red meat.

Lower prices of red meat imply a positive impact on inflation figures, Yilmaz also said.


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Last Mod: 29 Nisan 2010, 14:29
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