Turkish lira plunges again amid looming sanctions

istanbul-turkey
Turkey faces the possibility of an external debt crisis

The Turkish lira has suffered another rough week, falling further today (August 9), as investors flee the ailing economy and a delegation to the US struggles to prevent further sanctions being imposed.

The Turkish currency shed some 2.3% of its value against the dollar between midnight and 8am London time, adding to losses incurred earlier in the week. The lira touched a record low before rebounding slightly.

In a statement today, the finance ministry said it would be unveiling a “new economic

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: