Tuesday, May 15, 2018

Turkish Currency Woes Put Erdogan in Tight Spot in Re-Election Bid

Turkish Currency Woes Put Erdogan in Tight Spot in Re-Election Bid
May 14, 2018 5:00 PM

Dorian Jones

ISTANBUL —

The Turkish lira is increasingly under siege amid mounting international investors’ concerns. The publication Monday of unexpectedly poor economic data saw the lira approach record lows. The increasing financial turbulence comes as opposition parties begin to narrow the gap ahead of the June 24 presidential and general elections and voter concerns over the economy grow.

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