Aug
12
Lira Extends Retreat as Turkey Heads Toward a Financial Crisis
By-
Government hasn’t offered enough to restore confidence: NAB
- Turkey’s problems will ‘continue to mount’: Capital Economics
Turkey’s lira extended its precipitous slide Monday after the nation’s president showed no signs of backing down in a standoff with the U.S.
The lira weakened past 7.23 per dollar in early Asian hours before paring losses after the nation’s Banking Regulation and Supervision Agency stepped in to limit swap transactions on the battered currency. Treasury and Finance Minister Berat Albayrak said the nation will announce steps to calm markets on Monday, Hurriyet newspaper reported…
Lira Extends Retreat as Turkey Heads Toward a Financial Crisis
