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Monday
25
Nov 2024
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Athens 14°C

> Turkish Lira

> Turkish Lira

Turkish lira sinks to new historic low as US sanctions against Iran cause further fears

Since the beginning of the year and until August 2018, Turkey's currency has been depreciated by 35%!

Turkish-Cypriots consider abandoning sinking lira

"The Turkish lira has lost its value and although we might flatter ourselves as being able to affect that, it is impossible"

Record low for the Turkish Lira against the Euro

"The lira has been one of the worst performing emerging currencies"

Turkey facing economic crisis in 2018!

GAM, which has cleared its portfolio of all positions in Turkish assets, sees high inflation & a surge in foreign borrowing as signs of an unhealthy economy

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