Low exchange rate hurts yarn producers
Story date: 2007-10-24 12:53:00
Added on: 2007-10-24 05:01:15
Turkish Daily News - Central Bank's (FED) decision to cut interest rates in August. Yarn imported from Far East below base value hit producers, exhausted by current exchange rates and high production costs. Having a decline of 90 percent in sales following the rise in ...
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