File - A money changer counts Turkish lira bills at a currency exchange office in Istanbul January 24, 2014. (REUTERS/Murad Sezer)
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Turkey's lira slipped on Friday amid uncertainty over who would have the upper hand on economic policy in a new Cabinet after a deputy prime minister's job was handed to a former economics professor and close ally of President Recep Tayyip Erdogan.Listing priorities shortly after his appointment, Kurtulmus said that Turkey needed to embark on constitutional reform, advance a Kurdish peace process and establish "a new economic program with the determination to increase our economic power".It was not immediately clear whether he would have any responsibilities for the economy in his new role. Exports rose 2.6 percent to $13.4 billion and imports fell 13.5 percent to $19.9 billion, data from the Turkish Statistics Institute said.In the first seven months of the year, the trade deficit fell 24 percent to $46.07 billion.
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