Bloomberg News

Turkey Central Bank Will Allow Lira to Gain, Governor Basci Says

January 06, 2012

Jan. 6 (Bloomberg) -- Investors in the lira will make a profit in 2012 because the central bank will allow the currency to gain, governor Erdem Basci said.

There is no reason for the lira to be weak, Basci said in a speech in the western city of Bursa today.

To contact the reporter on this story: Steve Bryant in Ankara at

To contact the editor responsible for this story: Mark Bentley at

Steve Ballmer, Power Forward
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