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Thursday, March 05, 2015

Turkey seeks to calm U.S. investor nerves as lira plunges | The Fiscal Times

Turkey seeks to calm U.S. investor nerves as lira plunges

By Orhan Coskun,
Daren Butler and
Daniel Bases,
Reuters
March 4, 2015

ANKARA/ISTANBUL/NEW YORK (Reuters) - Turkey's prime minister and his economic team sought on Wednesday to calm the nerves of top investors in New York who hold more than 20 percent of the main Istanbul stock index, after President Tayyip Erdogan's tirades against the central bank helped send the lira to record lows.

More:Turkey seeks to calm U.S. investor nerves as lira plunges | The Fiscal Times