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    Babacan: Turkey can sustain $100 oil

    Hürriyet Haber
    21.07.2007 - 14:51 | Son Güncelleme:

    Turkey’s Minister of State and EU negotiator Ali Babacan has stated that the Turkish Lira is being accepted by the rest of the world. “The biggest multi-nationals are buying and selling Turkish Liras,” Babacan said.

    Babacan responded to questions about the strength of the Turkish Lira during a programme he attended on TV8. As a sign of trust in Turkey’s economy, Babacan said, multi-national companies are now trading in Turkish Liras. He stated that even if the price of oil rose to $100 a barrel, the economy would not enter a period of crisis.


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