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Friday, March 22, 2019

Shock of Lira Crash Pushes Turks to Cushion Savings With Dollars - Bloomberg

Shock of Lira Crash Pushes Turks to Cushion Savings With Dollars
By Constantine Courcoulas
March 21, 2019, 10:15 AM EDT

Locals hold about $176 billion of foreign currency, a record
Turkey is gearing up for municipal elections on March 31

The stakes in Turkish elections this month could hardly be higher, if the behavior of local investors is anything to go by.

More:Shock of Lira Crash Pushes Turks to Cushion Savings With Dollars - Bloomberg