March 23, 2012
The governor of Turkish Central Bank said on Thursday that the new icon of the Turkish lira (TL) symbolized a safe investment haven.
Erdem Başçı said economy bureaucrats had given priority to two significant features of the TL and Turkish economy when deciding about the new icon of the lira.
“The new icon resembles an anchor, which emphasized that TL has become a safe investment haven,” Başçı told a press conference in Ankara.
Başçı said the parallel lines of the new TL were heading upward, which symbolized the stable rising value of TL and Turkish economy.
The newly-designed currency symbol for the Turkish Lira was revealed by the Turkish government at a ceremony in Ankara yesterday. The symbol, chosen after a competition, is meant to bring together the letters T and L, and to be reminiscent of an anchor, and the upward direction of two cross lines to represent rising market value. “The Turkish lira has a symbol now, just like the US dollar, the euro and the yen,” Prime Minister Erdoğan said at the unveiling ceremony, noting that the introduction of a symbol for the lira is not just a technical operation. “It signifies a renewed value and prestige for our national currency, the reawakening of a nation and its re-emergence as a global actor. This symbol shows our currency’s rising value as a safe haven,” Erdoğan said. Tulay Lale, the artist who designed the currency symbol, was presented the grand prize at the event. Central Bank Governor Erdem Başçı said a new currency symbol was needed to clinch the acquired prestige and raise the recognition level of lira, adding that the idea of organizing a currency symbol competition was part of the 2011-2015 strategic plan of the Central Bank.
Chairman of the International Chamber of Commerce (ICC) Jean-Guy Carrier yesterday stated during the G20 Regional Consultation Meeting which was organized by the ICC G20 Consultation Group and hosted by the Union of Chambers and Commodity Exchanges of Turkey (TOBB) that Turkey was a growing and prominent country. “Having a developed economy, Turkey will become one of the leading countries in the future. Accordingly, comments and suggestions from Turkish business circles are important to the G20. Furthermore, the G20 will be also held in Turkey, which should be certainly taken into consideration,” Carrier said. Stating that efforts exerted by the ICC have been quite effective in terms of overcoming the global crisis, TOBB Chairman Rifat Hisarcıklıoğlu said, “Middle Eastern countries have also attended today’s consultation meeting, in which the businessmen mentioned their problems and wishes.”
ISTANBUL – Foreign Economic Relations Board of Turkey (DEIK) stated on Tuesday that Turkey made the most cooperation in Sub-Saharan Africa region with Ghana with 512 million USD.
27 businessmen from Ghana and 50 businessmen from Turkey will attend the meeting which will focus on mining, construction, aqua products, food, cement, work machines, automotive and by-industry sectors.
Ghana’s export was 10.4 billion USD, import was 11.9 billion USD and foreign trade volume was 22.3 billion USD in 2011.
Turkey and Ghana signed commercial and economic cooperation agreement in 1997 as well as a memorandum of understanding on joint economic commission in 2011.
Turkey-Ghana trade volume was 290 million USD in 2010, and it increased to 521.7 million USD in 2011. Turkey’s import from Ghana was 292.2 million USD in 2011.
Turkish economy minister said on Wednesday that trade volume between Turkey and Latin American countries, which had been 896 million USD in 2002, exceeded 7 billion U.S. dollars in 2011.
“Turkey has broken records in its exports to these countries last year,” Turkey’s Economy Minister Zafer Çağlayan said during his meeting with Ecuador’s Foreign Relations, Foreign Trade & Integration Minister Ricardo Patino in Ankara.
There have been great economic and political ties between Turkey and Latin American countries in the recent period, he said.
Çağlayan said Turkey was eager to establish a network of free trade agreements in Latin America.
President Abdullah Gül yesterday received Ecuador’s President Rafael Correa Delgado in a welcoming ceremony at the Presidential Palace. Prior to his official visit to Turkey, Delgado has sent 2,000 Ecuador roses as a gesture to Istanbul and Ankara. The roses were delivered to Turkey in a 30-hour flight. Holding a joint press conference with Gül, Delgado expressed hope that the two countries will coordinate more closely on politics, development policy and tourism. Delgado also predicted that a recent Turkish Airlines request to begin flights to Ecuador is likely to be approved in the coming month. Stating that he has been concerned over the developments in Northern Africa and Middle East, Delgado said, “If these countries have had a great leader like Atatürk in the past and succeeded in carrying out these political reforms at that time, they wouldn’t have been in such a situation now.” Delgado defined Turkey as an amazing country and invited everybody to visit his country. Speaking in the press conference, Gül said that Turkey has been showing further interest in Ecuador since the launch of its policy of opening to Latin America and Caribbean in 2006. Gül defined Ecuador as the shining star of the region, saying that they have jointly decided to improve political, economic and commercial cooperation between the two countries. In reply to reporter’s questions, Gül also joined his voice to a recent wave of outrage over a court decision to drop the Sivas case concerning the deaths of 33 intellectuals as well as two assailants and two hotel workers in a hotel fire which was set by an angry mob. Gül complained that light has not yet been shed on the incident. Furthermore, Gül said that the court decision on releasing two investigative journalists, namely, Ahmet Sik and Nedim Sener, have contributed to boosting Turkey’s image.
Turkey, which owns a large part of world’s hazelnut production and export, obtained an income of 1.04 billion USD by hazelnut exports till the end of February in hazelnut season in 2011-2012 that started on September 1, 2011.
TRABZON – Turkey exported 131,438 tons of hazelnuts in the mentioned period, according to a statement by Black Sea Exporters’ Union.
Turkey exported hazelnuts to nearly 69 countries in February.
101,723 tons of hazelnuts were exported to EU countries between September 1, 2011 and the end of February 2012.
I couldn’t refrain from suggesting these funny pictures!
PS. If you always wanted to see my face henceforth you can. See below.