Crash of the Turkish currency: the problem is called Erdogan
by Bhavi Mandalia October 4, 2020 in World
D.he Turkish finance minister, President Erdogan’s son-in-law Berat Albayrak, has just presented new optimistic growth forecasts, but the Turkish lira has lost value. Sören Hettler is not surprised. The foreign exchange specialist at DZ Bank has been following the crash on rates of the Turkish national currency for some time. Now he has analyzed it more closely. The result: non-economic, political factors are responsible for the decline of the lira. In the past twelve months alone it has lost more than a third of its value against the dollar and almost half of its value against the euro.
More:Crash of the Turkish currency: the problem is called Erdogan - Pledge Times
