Étiqueté : volatility

Erdogan asks Turks to prop up lira amid currency volatility 0

Erdogan asks Turks to prop up lira amid currency volatility

At the end of a volatile week for the embattled Turkish lira, President Recep Tayyip Erdogan has called on Turks to convert to convert foreign currency savings into the country’s currency. The lira, which has fallen about 20 percent this year, hit a low of 4.93 against the US dollar on Wednesday, before Turkey’s central bank raised its…