Deputy Prime Minister: Turkish lira is most stable among developing countries’ currencies
Azerbaijan, Baku, May 8 / Trend A.Taghiyeva /
The Turkish lira is by far the most stable currency among the national currencies of the developing countries, Deputy Prime Minister Ali Babacan said, The Lira newspaper reported on Wednesday.
According to him, the Turkish economy is growing mainly due to an increase in exports which by the end of 2012 amounted to $152 billion.
"Turkey has reduced the dependence of export growth on exports to the EU. Currently, the volume of Turkish exports to the Middle East and Africa almost exceeds the volume of exports to the EU," Babacan said.
Deputy Prime Minister also noted that the GDP per capita has continued to grow in Turkey over the past few years. The external debt of the country is being reduced as well which is a good example of the growth of the economy.