Turkey: No need to panic over changing dollar value

Turkish State Minister said that value of foreign currencies might go up or down so there was no need to panic.

Turkey: No need to panic over changing dollar value
Turkish State Minister Kursad Tuzmen said Thursday, in regard to the increasing value of the U.S. dollar, that value of foreign currencies might go up or down so there was no need to panic.

Speaking to reporters during a flight back to Turkey from Damascus, Tuzmen said that "there are positive conditions for exports now but the demand is not there".

"Had we possessed such an opportunity earlier, we could have created wonders with such currency values," Tuzmen said.

"Despite the global financial crisis, Turkish exports to neighboring countries increased by up to 50 percent (in 2008 when compared to the previous year)," Tuzmen said.

Asked if Turkey's commercial relations with the Arab countries would increase after the stance displayed by Turkish Prime Minister Recep Tayyip Erdogan in Davos recently, Tuzmen said that "Turkey's attitude caused a very positive reaction in Turkey's immediate neighbors and the region in general".

"We are going through an excellent period. We will continue to work so that the welfare of the regional peoples gets better," Tuzmen also said.

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Last Mod: 19 Şubat 2009, 12:53
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