The lira closed at 1.5610 to the dollar on Friday after closing at 1.5690 on Thursday. The main share index closed at a fresh 3-month high, up 3.23 percent at 28,546.46, and the yield on the new February 2, 2011, bond fell to 12.99 percent, down from the previous close of 13.21 percent.
The lira, which has gained in recent sessions on expectations of a IMF deal, was trading at 1.5620 against the dollar in early trade, firming from the previous days close of 1.5690. Talks with the IMF on a stand-by deal were suspended in January due to disagreements over issues such as unregistered income, government spending and tax administration. Turkeys previous $10 billion loan deal with the fund expired last May.
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