Markets

Turkey finance minister: No permanent economic harm from sliding lira

Published May 5, 2015 Updated May 5, 2015 12:45pm

1 min

By Shoaib Ur Rehman

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ANKARA: Turkey's economy will not suffer permanent damage from fluctuations in the lira, Finance Minister Mehmet Simsek said on Tuesday, adding the currency would not have fallen so much if it weren't for uncertainly ahead of June elections.

The lira has lost more than 13 percent against the dollar this year.

Simsek was speaking on broadcaster NTV.

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