Turkey Courts Investors in London, Promises Stable Lira
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Turkey expects the lira to remain around its current level after suffering a 44% slump against the dollar last year, Finance Minister Nureddin Nebati told analysts and investors in London as he seeks to win back interest in Turkish assets.
Government-led measures have restored confidence in the currency, Nebati said, according to people who participated in the meeting. The minister also signaled new steps, including efforts to bring so-called “under-the-mattress” gold into the banking system, the people said on condition of anonymity because the event was closed to the media.