FALLING LIRA PROMPTS PREDICTIONS OF INCREASED TURKISH EXPORTS
January 1st, 2014
Turkey’s textile and clothing industry is aiming for higher growth in its exports during 2014, with a drop in the value of the Turkish Lira over recent months a key factor, WTiN has been told.The Lira fell to a new all-time low of TRY2.33 against the dollar on Friday. After weakening by 17% in 2013, amidst political turmoil including anti-government protests that hit the country at the end of May, the currency has fallen even more sharply over recent weeks. There has been a drop of 9% so far this year following the launch on December 17 of a controversial ...
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