Any way back for the Turkish Lira?
The Turkish Lira has continued its downward trend against foreign currencies as it started the day at 4.0920 against the US Dollars, 5.0690 against the Euros and 5.8718 against the Pounds Sterling in the inter-bank market.
On Monday, the Turkish lira was a touch weaker after plumbing a series of record lows last week, as investor alarm about double-digit inflation has been heightened by President Tayyip Erdogan’s drive for lower interest rates.
The sell-off in the lira - it is one of the worst performing emerging-market currencies this year, down more than 7 percent against the dollar - highlights the divide between Erdogan and international investors over monetary policy.
Do you think the Turkish Lira can ever recover from this decline???
On Monday, the Turkish lira was a touch weaker after plumbing a series of record lows last week, as investor alarm about double-digit inflation has been heightened by President Tayyip Erdogan’s drive for lower interest rates.
The sell-off in the lira - it is one of the worst performing emerging-market currencies this year, down more than 7 percent against the dollar - highlights the divide between Erdogan and international investors over monetary policy.
Do you think the Turkish Lira can ever recover from this decline???
No comments
Thanks for viewing, your comments are appreciated.
Disclaimer: Comments on this blog are NOT posted by Olomoinfo, Readers are SOLELY responsible for their comments.
Need to contact us for gossips, news reports, adverts or anything?
Email us on; olomoinfo@gmail.com