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Turkish lira stability can only be achieved by exports, tourism -Erdogan

Turkish lira stability can only be achieved by exports, tourism -Erdogan

FILE PHOTO: Turkish lira banknotes are seen in this illustration taken in Istanbul, Turkey November 23, 2021. REUTERS/Murad Sezer/Illustration

ISTANBUL : Turkish currency stability can only be achieved by increasing exports and tourism revenues, President Tayyip Erdogan said on Tuesday, as the lira tumbled to record lows against the dollar.

In a televised interview, Erdogan also said the recent volatility in the foreign exchange rates is not based on the economic fundamentals of Turkey, adding that he hopes the country will post a current account surplus next year.

(Reporting by Ezgi Erkoyun and Tuvan Gumrukcu; Editing by Mark Porter)

Source: Reuters

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