Home / Knowledge / News / Apparel/Garments / Undervalued Lira creates jitters among exporters
Undervalued Lira creates jitters among exporters
Jul '10
The Turkish Lira has been over appreciating since the last few months, which has brought down the competitiveness of the Turkish textile and apparel exporters, along with also bringing down the already wafer-thin margins.

Zafer Caglayan, the Foreign Trade Minister recently said that the government would undertake measures to reduce the negative impact of the undervalued Lira on the country's exports, which would be discussed at an upcoming Economic Coordination Board (EKK) meeting.

He was speaking to the Antolia News Agency when he said; there are various opinions on the Lira gaining in value against foreign currencies. Some are of the opinion that, the floating exchange rate system should be reviewed, while others opine that an export insurance fund should be set up.

Exporter's bodies have advised the Apex Bank to keep the Lira at a favorable level. They have suggested that the exchange rate preferably should be around US $1 = 1.6 Liras.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 25th Mar 2017

GST to positively impact retail value chain: CBRE

The implementation of the Goods and Services Tax (GST) bill in India...

Textiles | On 25th Mar 2017

MEGlobal to build first ever US MEG plant

Monoethylene glycol (MEG) producer MEGlobal plans to construct a new...

Courtesy: Ulster Carpet

Textiles | On 25th Mar 2017

Ulster Carpets acquires Griffith Textile Machines

Northern Ireland based manufacturer of carpets, Ulster Carpets said...

Interviews View All

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search