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When the Bundesbank president talked about the Italianlira, it had caused problems a few months back, one official commented.
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The Italianlira is worth 28 centimes of the sterling and 21 of the dollar.
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EUROPEAN Union finance ministers reached a compromise late yesterday to allow the Italianlira re enter the exchange rate mechanism of the European Monetary System.
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But the 1973-74 oil price crisis forces out sterling, the Italianlira and French franc under pressure from the dollar.
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THE Italianlira has gained ground as markets reacted positively to the currency's return to the ERM and to hopes of early interest rate cuts.
Usage of lira in English
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Turkey needs to adopt higher interest rates to shore up the lira.
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The lira has a lost a fifth of its value this year.
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He said: Since we arrived on Thursday the Turkish lira has nosedived.
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The stock market plunged, the lira fell and government bond yields spiked.
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The Turkish lira's woes is an additional uncertainty factor, the trader said.
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South Africa's rand, the Turkish lira and Hungarian forint also traded weaker.
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A weak lira currency has driven up fuel costs and other expenses.
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The reserve requirement ratio for lira liabilities was kept at 6 percent.
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That meant he paid less than even money on a ten-lira bet.
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I took out my pocket-book and gave them each a ten-lira note.
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O'Mally handed him the exact amount, minus the lira for the button.
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A slew of unorthodox government measures to protect the lira raised further questions.
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The lira fell as political tensions grew ahead of local elections on Sunday.
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Kuveyt Turk has said it plans to sell a lira-denominated sukuk this year.
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Turkey's lira was slightly weaker first thing Wednesday ahead of September inflation numbers.
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An initial price of 650 million lira had been set in the tender.