Turkish lira's long decline a symbol of strife - Markets
LONDON/ANKARA: As Turkey’s lira hit a record low ahead of the country’s election decider on Sunday, the currency is...
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LONDON/ANKARA: As Turkey’s lira hit a record low ahead of the country’s election decider on Sunday, the currency is...
As Türkiye's lira hit a record low ahead of the country's election decider on Sunday, the currency is looking increasingly dysfunctional with investors concerned about what may be in store if Recep Tayyip Erdogan secures another decade in power. "Erdonomics", as the 69-year old president's unorthodox, growth-chasing policies are often dubbed, have driven the lira down 80% over the last five years, embedding an inflation problem and shattering Turks' confidence in their currency.
(Repeats with no changes to text) * Erdogan's unorthodox policies have spurred repeated crises * Lira has fallen 80% over last 5 years * Post election questions hang ov... | 03:03am
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After two decades in power, Turkey's all-powerful leader Recep Tayyip Erdogan appears to have the upper hand in a presidential election runoff Sunday.