The Ludic Forum
Turkey's falling Lira - Printable Version

+- The Ludic Forum (http://theludic.com)
+-- Forum: What's New? (http://theludic.com/forumdisplay.php?fid=3)
+--- Forum: What's New (for Astra members) (http://theludic.com/forumdisplay.php?fid=12)
+--- 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.