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RSS FeedsTurkish financial crisis: Lira hits record low as Erdogan says `attacks will continue` - as it happened
(The Guardian Turkey)

 
 

13 august 2018 21:04:53

 
Turkish financial crisis: Lira hits record low as Erdogan says `attacks will continue` - as it happened
(The Guardian Turkey)
 


All the day´s economic and financial news, as Turkey´s lira crisis hits shares and currencies around the globeLatest: Turkish crisis ripples through global marketsPresident Erdogan hits out at USErdogan: lira will stabilise soon (after it hits record low)Turks struggle to cope with lira´s slideIntroduction: Turkish financial crisis is deepeningTurkish central bank is boosting liquidity....Q&A: Why is the Turkish lira in freefall and should we worry? 7.57pm BST After a busy day, here´s our economics editor Larry Elliott on the Turkish crisis:A fresh plunge in the Turkish lira sent tremors through global currency markets on Monday, amid fears that the failure of Recep Tayyip Erdogan´s government to tackle its worsening financial crisis would have a domino effect on other vulnerable countries.The Argentine peso and the South African rand were the biggest knock-on casualties of a day of turbulence that saw the lira fall 8% against the dollar and Erdogan lash out at `economic terrorists on social media`, as he accused Donald Trump of stabbing Turkey in the back. Related: Turkish lira record low ripples through global currency markets 7.53pm BST My colleague Martin Chulov has discovered that the lira crisis has been fuelled by a misunderstanding between the leaders of the US and Turkey.The currency plunge imperilling Turkey´s economy has been fuelled by a standoff between Donald Trump and Recep Tayyip Erdogan over the fate of a Turkish woman detained in Israel whose freedom the US president brokered, and an American pastor held in Turkey whose release he demands in return, officials in Ankara claim.`It took place on the margins of the Nato summit,` the source told the Guardian. `Erdogan asked Trump for help with the lady in prison in Israel. There was only the two of them and a translator. Trump said: `I need some traction on the pastor first´. When Erdogan said OK he meant that we are working on it. Then [US vice-president Mike] Pence, due to midterm election co ...


 
8 viewsCategory: General > Asia > Turkey
 
US confusion over prisoner fuelled lira crisis, Turkish officials claim
(The Guardian Turkey)
Turkish lira record low ripples through global currency markets
(The Guardian Turkey)
 
 
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