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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: pater tenebrarum who wrote (43126)12/2/2000 11:26:15 AM
From: Don Lloyd  Read Replies (2) of 436258
 
hb -

globalarchive.ft.com

"...Turkish overnight interest rates reached highs of 1,700 per cent yesterday in response to central bank action to defend reforms backed by the International Monetary Fund. ..."

"...The central bank on Thursday cancelled emergency funding being given to banks in breach of money supply limits set by Turkey's IMF-backed programme to eliminate double-digit inflation by the end of 2002. ..."

That was quick, double-digit inflation is already a fond memory. -g-

Regards, Don
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