Latest topics
Volatile Turkish lira slides again after record dive
Page 1 of 1
Volatile Turkish lira slides again after record dive
by RamblerNash Tue Dec 14, 2021 9:25 pm
2021-12-14 01:12
Shafaq News/ Turkey's lira slid as much as 4% before a partial recovery on Tuesday, after a roller-coaster day in which it hit all-time lows on concerns over President Tayyip Erdogan's risky new economic policy and prospects of another rate cut this week.
The lira touched 14.4 to the dollar before recovering some losses to 14.192 at 0605 GMT.
On Monday it crashed as much as 7% to a record near 15, before whip-sawing back after the central bank intervened for the fourth time in two weeks to prop up the ailing currency.
It has lost some 50% of its value so far this year over the central bank's aggressive monetary easing that has seen it slash interest rates by 400 basis points since September, as urged by Erdogan.
The bank is expected to cut rates again on Thursday, according to a Reuters poll.
https://shafaq.com/en/Economy/Volatile-Turkish-lira-slides-again-after-record-dive
RamblerNash- GURU HUNTER
- Posts : 24277
Join date : 2015-02-19
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
» Iraqi Dinar (IQD)
» The Iraqi Dinar Revaluation Scam: False Hope, Financial Deception
» Yes, the Iraqi Dinar is a SCAM: Responding to Marcus Williams' Comments on my Investment Scam Video
» AMERICA’S COLOR REVOLUTION — Brought To You By The U.S. Intelligence Community & Coming To A City Near You
» Go Russia
» I am too pretty for math, but....
» Interesting article
» Phony Tony: New Platform, same old song and dance
» The Craziness of Scam by "Tony TNT Renfrow" and the Iraqi Dinar Currency Scam
» Even conspiratorial currency speculators aren’t buying a Russian ruble revalue - It’s not the next the Iraqi dinar
» The Fundamentals of Finance and Pimpy Live
» Carnival Rides
» Go Russia
» Textbook Tony
» The Rockefellers and the controllers are freaking out right about now
» Phony Tony sez: Full Steam Ahead!
» Dave Schmidt - Zim Notes for Purchase (NOT PHYSICAL NOTES)
» Russia aren't taking any prisoners
» Deadly stampede could affect Iraq’s World Cup hopes 1/19/23