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View Full Version : Turkish Lira Undervalued by 5% to 10%, Central Bank Governor Basci Says - Bloomberg



NewsWhore
08-15-2011, 10:10 AM
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Turkish Lira Undervalued by 5% to 10%, Central Bank Governor Basci Says (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNF_XVqT4WWrR2iifYTXgtjrjiIfsA&url=http://www.bloomberg.com/news/2011-08-15/turkish-lira-undervalued-by-5-to-10-central-bank-governor-basci-says.html)
Bloomberg
The currency gained after Basci made the comments in an interview in Ankara today with CNN Turk television and was trading at 2.1525 to the basket at 1:40 pm, from about 2.1580 before the interview. “The central bank&#39;s view means that the fair level of ...

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