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Lira crisis: What’s next for Turkey?

Lira crisis: What’s next for Turkey?

The worst may be yet to come for Turkey. The Turkish lira has dropped more than 40% against the dollar since January, thrashed by a potent mix of confrontational politics, economic policy confusion and US interest rate hikes. The escalation of a political spat with the United States has fueled volatility and further devalued the […]

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The Latest: Turkish businesses urge Erdogan to compromise

The Latest: Turkish businesses urge Erdogan to compromise

The Latest on Turkey‘s currency crisis (all times local): 11:35 a.m. Turkey’s influential business groups have called on the government to implement tighter monetary policy to help overcome the country’s currency crisis. In a joint statement issued Tuesday, the industrialists’ group TUSIAD and the Union of Chambers and Commodity Exchanges also called for diplomatic efforts […]

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