Posted inMiddle EastRussiaTurkeyWorld

Breaking Turkish economy’s vicious circle will be painful

Turkey’s lira remains perched on the precipice of 4.5 to the dollar. It was trading just short of that key psychological level this morning at 4.482 to the dollar. The battered currency briefly touched 4.5 earlier this week before Turkey’s central bank announced that it would do anything necessary to protect the currency. The market […]