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31-03-2019 18:41 | Read 1390 times

Fears of new TL crisis

Fresh Turkish lira crisis could be at the door, it is feared, and experts and ministers say the TRNC will “inevitably” be dragged in

Fears of new TL crisis

Spiralling exchange rates over the last week have sparked alarm that the financial woes of last summer are returning. Days of currency volatility — fuelled by USTurkey tensions and concerns over the Turkish economy in the run-up to the country’s local elections tomorrow — saw the lira lose some 6 per cent against hard currencies last Friday.

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