President Tayyip Erdogan this month appointed Sahap Kavcioglu as central bank governor after sacking Naci Agbal, who had won market praise for aggressively hiking interest rates to try to curb Turkey's double-digit inflation.
Citi, which last week said it could look to buy Turkish bank bonds, said it also saw near-term value in industrial companies.
The lira had rallied 20% since November when the finance minister and central bank governor were replaced and President Tayyip Erdogan pledged a new market-friendly economic era.
The lira has hit a series of record lows beyond 8 to the U.S. dollar this year, but has recovered some ground since Agbal was named governor and delivered the rate hike.
