Turkey Tries Again To Put Brakes On Lira Collapse As Trump Piles Shame On Erdogan

Coming into Friday, the Turkish lira was having a rough week. The currency, which collapsed earlier this month after the imposition of U.S. sanctions exacerbated an already bad situation characterized by an autocratic executive who calls interest rates the "mother of all evil" and who has made good on his promise to commandeer monetary policy, was the second worst performer behind the Argentine peso coming into Friday. Since August 13, when USDTRY was quoted as high as 7.23 following a weekend
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One thought on “Turkey Tries Again To Put Brakes On Lira Collapse As Trump Piles Shame On Erdogan

  1. As long as Turkey is run by Erdogan and his cronies, the future will be bleak. Turks secularist and islamist will suffer. Only his cronies will continue to do well as they empty the government’s coffers. Hello ” New Turkey”

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