Despite the $25 billion lira intervention, foreign investors remain wary of Turkey. Traders are concerned that Erdoan may fire the finance minister and governor of the central bank, both of whom have contributed to the stability of the country’s markets.
Despite massive intervention to stabilize the currency and restore confidence, foreign investors continue to be wary of Turkish assets. After the lira fell to a record low of more than 40 to the dollar last week, the central bank committed more than $25 billion in a matter of days, rebuilding the country’s net foreign reserves […]
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