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

Apparel/Garments | On 26th Oct 2016

SGS develops 4C chemical management model for apparel

SGS, a leading inspection, auditing, certification, testing, and...

Textiles | On 26th Oct 2016

Platinum Equity acquires International Textile Group

International Textile Group (ITG) has been acquired by Platinum...

Textiles | On 26th Oct 2016

Whitehouse & URI Business Centre start RI textile network

Senator Sheldon Whitehouse and the University of Rhode Island...

Interviews View All

Rashi Menda

Every fifth sale we make on Zapyle is a repeat purchase

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Sunil Rathore
Lacoste India

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

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Eric Scholler

The Indian market has huge potential in technical textiles, and by far,...

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

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

October 2016

October 2016

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


Browse Our Archives


Advanced Search