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Central Bank Halts Devaluation of Dollar

May 13, 2003 admin-dominor

Indicating that parity was a factor in the devaluation of the dollar, market sources said: "The drop in the dollar also stemmed from euro/dollar parity. The dollar is not only being devalued in Turkey; there is also devaluation against other monetary units. If an improvement in parity occurs in the coming days, a small increase in dollar could again be seen."

Economy Services / Istanbul / TURKEY

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