Erdoğan’s costly move against currency speculators could prove to have major ripple effects
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.
— Fercan Yalinkilic (@FercanY) March 26, 2019
Berlin wants to sever the financial and institutional ties between local Muslim communities and the Turkish government as part of a bold campaign to help German Muslims develop a homegrown version of Islam. “What we need now is an Islam for