Turkish lira defies dire predictions for now, but risks loom over longer-term sustainability
Reuters
Turkish President Recep Tayyip Erdogan is pictured during a welcoming ceremony at the Presidential Palace in Ankara on Wednesday.
7:30 pm, August 10, 2019
Reuters
ISTANBUL (Reuters) — Turkey’s lira has risen in recent months despite Ankara abruptly sacking the central bank governor and risking U.S. sanctions over Russian missiles, silencing for now critics who had warned such moves could cause another currency crisis.
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