Many Sides to the Coin in Turkey’s Lira Crash

Geneva Management Group

Many Sides to the Coin in Turkey’s Lira Crash

These days the Turkish lira is very much an embattled currency. The past week alone saw it lose 25% of its value, priced 0.20 per $1USD in 1 week. This on top of the fact in the past year the lira has been the worst performing currency in global markets, ultimately dropping by over half its value in the last 12 months.

 

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