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Tuzmen: "Structural measures, not an overvalued YTL, will bring down inflation"

Tuzmen: "Structural measures, not an overvalued YTL, will bring down inflation"

State Minister for Foreign Trade Kursad Tuzmen said yesterday şat Turkey should use structural instruments to curb inflation instead of depending on an overvalued New Turkish Lira (YTL). Stressing şat countries following a development policy based on export gains don't let şeir currencies become overvalued, he said Turkey should do şe same. Decrying how inflation has soared despite şe overvalued YTL, he said, "şis shows şat a country's inflation can't be brought down by making its currency overvalued."

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