TURKEY’S ECONOMY had just begun to show signs of life. Thanks to high interest rates, attempts to mitigate a crisis with the United States and some measure of calm following local elections, the lira was beginning to strengthen. Inflation had dipped to 16%, down from 25% last autumn.
Mr Erdogan has scored an own goal, says Paul McNamara, an investment director at GAM, an asset manager. “The best case is that they get a lira sell-off that keeps rates higher than they otherwise would have been,” he says. “The worst case is that they set off a currency avalanche.” Sacking Mr Cetinkaya undermined the central bank’s credibility, said Wolfango Piccoli of Teneo, a risk-advisory firm, and showed that any hopes of normalisation following the local elections were misplaced.
I doubt Mr. Çetinkaya will contest his removal before a court of law; and if he does not it will indicate that he had not been as independent as his position required thus his removal does not necessarily make a real change in the circumstances.
HARİKA OLMUŞ.. SÜPER OLMUŞ... BU FELAKET ÇOK GEÇ KALINMIŞ... 😉👍
Who's gonna control Banking system in Turkey then?
The central bank uses for defending the financial attacks comes from seems allied countrys. As a president if you hesitate to use all your weapons for defending your freedom, you has to be fired.
he can't WASH his bloody hands trust me when he's son is involved in money laundering for islamofascit regime of Iran moving one POPET won't change anything
They are all moving away from the Rothschild System. Any time countries start paying attention to their own money, the financiers start with the depressions..rescessions ect ect. That keeps the public in check ✔!
1913 IS OVER
Turkish lira Brotherhood With Botswana Currency
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Source: BusinessInsider - 🏆 729. / 51 Read more »