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Saturday, May 27, 2023

Analysis: Turkish lira's long decline a symbol of strife | Reuters

Analysis: Turkish lira's long decline a symbol of strife By Marc Jones and Nevzat Devranoglu May 26, 20233:31 PM GMT+2Updated a day ago Erdogan’s unorthodox policies have spurred repeated crises Lira has fallen 80% over last 5 years Post election questions hang over markets LONDON/ANKARA, May 26 (Reuters) - As Turkey's lira hit a record low ahead of the country's election decider on Sunday, the currency is looking increasingly dysfunctional with investors concerned about what may be in store if Tayyip Erdogan secures another decade in power. More:Analysis: Turkish lira's long decline a symbol of strife | Reuters