Turkish Lira Erdogan. The lira fell as much as 86 to the greenback which was boosted after hawkish comments from the US Federal Reserve underscoring the risks for Turkeys economy and for Erdogans own political. Anti-Empire 23 Nov 21 515.
ANKARA Turkey AP The Turkish currency weakened by some 10 against the US. Erdogan said the government would try to protect Turkish savers worried about the tumbling value of their nest eggs by compensating. The lira fell as much as 86 to the greenback which was boosted after hawkish comments from the US Federal Reserve underscoring the risks for Turkeys economy and for Erdogans own political.
Tim Ash Senior Emerging Markets Strategist at Bluebay Asset Management is among those.
Insane where the lira is but its a reflection of the insane monetary policy settings Turkey is currently operating. Erdogan said the government would try to protect Turkish savers worried about the tumbling value of their nest eggs by compensating. The Turkish lira rose by about 25 per cent against the US dollar after the government moved to. Turkish Lira Rebounds From Historic Low Amid Criticism of Erdogans Policies.
