Turkey’s Lira Confronts Lose-Lose Reality In New Erdogan Term
It’s back to lamenting the lira. When it became clear last month that Recep Tayyip
It’s back to lamenting the lira. When it became clear last month that Recep Tayyip
“Who were these buyers?”, wondered Nureddin Nebati, Turkey’s recently installed Treasury and Finance Minister, during
It’s at least possible that Turkey’s Recep Tayyip Erdogan has descended into a kind of
A steep selloff in Turkish stocks tripped the Borsa Istanbul’s market-wide circuit breaker on Friday,
Recep Tayyip Erdogan’s adventures in obstinance continued on Thursday when, as expected, Turkey’s beholden central
“We know quite well what we’re doing with the current policy, why we’re doing it
It’s official: Recep Tayyip Erdogan succeeded in vaporizing all of the lira’s gains logged under
Turkey’s Recep Tayyip Erdogan is ready to take his medicine. Don’t believe me? Just ask
Turkey careened into one of its regularly scheduled currency crises last month, when a laundry
One tweet away from a panic.
“We’re looking at that”.
This is expected to release nearly $3 billion in liquidity to the market, according to a statement.Â
None of this sets a particularly upbeat tone.
Erdogan will now loot “legal reserves” to plug budget holes.
Now quick, somebody blame Fethullah Gülen.
“Too dear to my heart.â€
It’s probably fair to say that everyone’s TRY forecasts are “under review”.
Who knows, maybe Turkey will indict Trump before Mueller does.
Turkey’s woes are not any semblance of “contained”.
“Turkey will not convert or seize FX deposits.”
After weeks spent teetering on the brink, the Turkish lira collapsed on Friday.
Come hell or high sanctions.
Erdogan isn’t going to like this.
You must be logged in to post a comment.