Turkey’s Erdogan has revived his losing battle with “provocative” currency traders
By Eshe Nelson57 minutes ago
After a few months of relative calm, Turkish authorities are once again locked in a bitter battle with foreign-exchange traders. Ahead of local elections this weekend, Turkey’s government has been trying to prevent a damaging slide in the lira. One of its methods is to get Turkish banks to block foreign banks from selling the currency, essentially trapping them in trades, according to Bloomberg.
More:Turkey is fighting foreign currency traders ahead of elections — Quartz