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With Lira Now More Volatile Than Bitcoin, Here Are Turkey’s Options For ‘Exiting The Vortex’
On Monday, Recep Tayyip Erdogan gave yet another speech amid the ongoing collapse in the Turkish lira and he stuck to the script, claiming the currency "will settle at a rational level soon" and blaming nefarious external actors for "attacks" on his country.
Measures undertaken by the Turkish central bank earlier in the session generally failed to stop the bleeding, offering only fleeting respite. The lira briefly trimmed losses when CBT lowered reserve requirements for the lira and for dollar
