5 hours agoTurkey intervenes to prevent freedom decline, but nothing changes
Periskopi(8 years ago)
(8 years ago)Turkey's central bank has intervened to stop the further decline of the Turkish lira, but intervention has not sufficed to broadcast Periscopi to allay investors' fears that this country's crisis would not spread to European markets. The lira has risen slightly during the last evening, but still remains [...]
Turkey's central bank has intervened to stop the further decline of the Turkish lira, but intervention has not sufficed to broadcast Periscopi to allay investors' fears that this country's crisis would not spread to European markets.
The lira has risen slightly during the last evening, but still remains very low Monday morning, reports Guardian. The euro has been falling for a year too.
The freedom performance continued to be terrible despite the country's central bank interventions, and President Erdogan's calls for his co-owners to buy as much of their currency as they fall.
Turkey's central bank said: “We will monitor closely market intensity and price formations, and take all necessary measures to maintain financial stability. ”
Turkey's stock prices have also dropped to 2.5%. /Periscopi
