Turkish Lira Slumps as Erdogan Names Son-in-Law as Economy Chief
By Constantine Courcoulas
July 9, 2018, 9:50 PM GMT+2 Updated on July 9, 2018, 10:45 PM GMT+2
Turkey’s lira plunged after President Recep Tayyip Erdogan appointed his son-in-law, Berat Albayrak, as economic chief of his new administration, fueling investor unease that the government can calm financial markets.
More:Turkish Lira Slumps as Erdogan Names Son-in-Law as Economy Chief - Bloomberg