Turkey To Continue Floating Exchange Rate Regime In 2004

ANKARA - Turkey will continue floating exchange rate regime in 2004.
Central Bank unveiled on Friday general framework of its monetary and exchange rate policy in 2004.
According to this policy, Turkey would continue floating exchange rate regime in 2004.
Foreign exchange rate will be set according to market conditions.
Central Bank will maintain its hidden inflation target under floating exchange rate regime.
Turkey will also pay attention to monetary figures.
Inflation target in 2004 has been set as 12 percent.
According to its monetary and exchange rate policy in 2004, Turkey will try to reach the inflation target as much as possible.
(AY-AÖ) 02.01.2004