Tag "lira"
2017 Preview: The lira and Turkey’s risky debt
The economic and political problems that Turkey faced over the past year are unlikely to disappear, and may become more acute.
Russia could suffer economic blowback from Syria intervention
Russia’s domestic economy risks a further blow from the ongoing military operation in Syria. Already damaged by low oil prices, capital flight, inflation and western sanctions, Russia’s domestic economy risks
Turkish lira or Syrian pound? Currency debate sparks divide in Northern Syria
Opposition groups in Syria’s North are opting to use the Turkish lira over the Syrian pound to take advantage of a more stable currency, while also deliberately seeking to devalue
Opinion: Turkey in need of sharp political change
After the Ottoman’s faced defeat in World War I at the hands of allied forces, a brave Turkish military officer who served during WWI led the Turkish War of Independence
Turkey’s monetary policy feud stokes financial risk
While Turkey – with its ceaselessly falling currency – is struggling with the same global forces as other emerging markets, an internal struggle between President Erdoğan, Central Bank Govenor Basci and deputy PM for
Erdogan undermines Turkish Central Bank’s autonomy
On 30 April, the Governor of Turkey’s Central Bank, Erdem Basci, announced an interest rate cut in the near future, but specified neither number nor schedule. The announcement came a week after reaffirming the Bank’s
Erdogan and AKP preserve power in local elections
Turkey’s recent mayoral polls were an unofficial referendum on Prime Minister Recep Tayyip Erdogan and his ruling Justice and Development Party (AKP).The vote results proved that Erdogan has survived the
Gulen comments further threaten Turkish stability
Words from the influential preacher Fethullah Gulen from his recluse in a town in the Pocono Mountains of Pennsylvania recently plunged the Turkish state into further political crisis. In a
Political risk to watch in 2014
Turkey, China and Brazil face a difficult year ahead in more ways than one: economic growth forecasts, political stability and foreign direct investment prospects are likely to take a hit.
