The Ludic Forum
Turkey's falling Lira - Printable Version

+- The Ludic Forum (
+-- Forum: What's New? (
+--- Forum: What's New (for Astra members) (
+--- Thread: Turkey's falling Lira (/showthread.php?tid=27)

Turkey's falling Lira - timfoster10 - 07-29-2020

Despite selling massive amounts of the US dollar (in billions now) by the Central Bank, the Lira is continuing its plummet. With coronavirus far from over, will a shrinking foreign currency reserve prove a stab in the back for Turkey? Especially, after Turkey is taking short term borrowings just to maintain its Lira on a stable trajectory.