Turkish Lira Stabilizes After Recent Sharp Decline πΉπ·
The Turkish lira has steadied this morning following a turbulent nine-day period of decline, as President Erdogan takes measures to restore confidence in the currency.
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5 views β’ Aug 15, 2018
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Matt Dunham - WPA Pool/Getty Images The lira has stabilised on Tuesday morning after a dramatic decline over the last 9 days. Turkish President Erdogan has vowed action against "economic terrorists" and claimed the US is waging economic "war" against the country. The drop in the lira was sparked by US sanctions against Turkey, economic conditions in the country, and a strong dollar that is pulling foreign investment out of Turkey and back to the United States. <br />
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Aug 15, 2018
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