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Turkey to avoid foreign currency contracts unless "absolutely necessary" -PM
December 8, 2016 / 2:25 PM / 9 months ago

Turkey to avoid foreign currency contracts unless "absolutely necessary" -PM

ANKARA, Dec 8 (Reuters) - Turkish state institutions will avoid contracts in foreign currencies unless “absolutely necessary”, Prime Minister Binali Yildirim said on Thursday, as the government looks to stem a slide in the lira currency.

At a news conference in Ankara to announce a package of measures designed to help both the lira and the stalling economy, Yildirim said existing state contracts would be converted to lira where possible.

A schedule has been drawn up for structural reforms in 2017, with the aim to limit the role of the state, he said. (Reporting by Ercan Gurses and Humeyra Pamuk; Writing by David Dolan; Editing by Robin Pomeroy)

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