As ordinary citizens learn what SWAP rate is….”Turkey may be the spark that lights a fire in the world economy

Turkey may be the spark that lights a fire in the world economy | Larry Elliott

World news: Turkey | guardian.co.uk by Larry Elliott,

Erdoğan’s costly move against currency speculators could prove to have major ripple effects

Turkey ‘to shore up lira via tight supply’ through local polls

Al Jazeera English (In Depth)

Ankara’s stop-gap move to restore confidence in lira helped send London overnight swap rate rocketing to 1,200

Turmoil in Turkey’s financial markets after currency crackdown

World news: Turkey /

Istanbul stock market plunges as President Erdoğan tries to stop lira being lent abroad Financial markets in Turkey have

Turkish authorities redoubled their efforts to clamp down on speculative selling of the lira on Tuesday, with local banks ramping up the cost of borrowing the currency. The cost of borrowing lira using swaps — a key step for market…

Here is more on #lira yields erupting to 350% as offshore liquidity dried up.

"Turkish authorities have made it virtually impossible for foreign investors to short the lira." @markets @business https://t.co/jnvu3aT8Pc pic.twitter.com/ueEGnwqQ2W

— Fercan (@FercanY) March 26, 2019