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CB: Turkey's economy is more stronger against international crisis

The New Anatolian / Ankara
25 April 2008

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Governor of Turkish Central Bank said Thursday that the country's economy had grown stronger against international fluctuations.

"The current impact of the international financial crisis remains limited when compared to May-June, 2006 when global liquidity conditions deteriorated. And that suggests that our country's economy has become more resilient and flexible against international shocks," Durmus Yilmaz, CB governor told a general assembly meeting of the bank.

Yilmaz however warned that despite reduced fragilities, noone should expect that there are no risks. The CB governor also urged strict financial discipline and structural reforms in case risk perceptions become worse.


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