Loading...
You are here:  Home  >  friends/enemies  >  Current Article

Turkey’s Currency Meltdown (WSJ)

By   /   May 24, 2018  /   No Comments

    Print       Email

May 24, 2018

Investors flee the lira amid Erdogan’s political central banking.

Investing in emerging markets is like watching the tides without the moon as a guide. Capital flows in and out in surges, and woe to the country that gets caught with bad policies when the tide suddenly goes out. Argentina has been getting that re-education of late, and now Turkey is watching capital flee for safer climes.

Turkey’s lira fell as much as 5% on Wednesday, and it’s lost more than a fifth of its value this year, adding to a long decline that is forcing extreme monetary measures to compensate.

Click here for full article

    Print       Email

Leave a Reply

You might also like...

Arabs’ Nightmare: Absorbing Palestinians by Khaled Abu Toameh (Gatestone Inst.)

Read More →