|
Erdogan asks Turks to prop up lira amid currency volatility
[Al Jazeera] At the end of a volatile week for the embattled  ... Turkey's version of Mohammed Morsi but they voted him back in so they deserve him. It's a sin, a shame, and a felony to insult the president of Turkey...has called on Turks to convert to convert foreign currency savings into the country's currency. The lira, which has fallen about 20 percent this year, hit a low of 4.93 against the US dollar on Wednesday, before ...just another cheapjack Moslem dictatorship, brought to you by the Moslem Brüderbund.... 's central bank raised its top interest rate by three percentage points to 16.5 percent in an attempt to help stabilise the currency. The emergency rate hike, which helped reduce some of the losses, was followed up by the central bank also saying on Friday that it would allow some foreign currency debt to be repaid at fixed lira rates. Speaking to supporters in the eastern city of Erzurum on Saturday, about one month before Turkey heads to the polls, Erdogan said: "My brothers who have dollars or euros under their pillow. Go and convert your money into lira. We will thwart this game together." Ankara has repeatedly said the lira's fall was a "conspiracy" by unnamed foreign powers to weaken Turkey. "If the financial sector plays such games to work against our investors and entrepreneurs, know that you will pay a steep price," Erdogan said on Saturday. Posted by: Fred 2018-05-27 |
| http://www.rantburg.com/poparticle.php?ID=515308 |