Turkish lira gives up gains as Erdogan calls for probe into opposition’s Isbank board role
By bne IntelliNews September 18, 2018
The embattled Turkish lira (TRY) over September 17 and early September 18 gave up almost all the gains it made after last week’s major rate hike after investors were spooked by a call from President Recep Tayyip Erdogan for an investigation into members of the main opposition party who serve on the board of Turkey’s biggest lender, Isbank.
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