Turkish Lira value is growing! Trump going to lift all sanctions against Turkey because of the ceasefire in northern Syria. It means that U.S. and Turkey will resume negotiations on 100-bln-USD trade between the two countries which will stimulate Lira price.
Turkish Lira falls more as Syria operations start
US is preparing new powerful sanctions against Turkey. At the same time Germany, France and Netherlands also decided to impose sanctions on selling weapons to Turkey. The aim is to force turkey to retreat from Syria and support Kurds.
Turkish Lira Crisis
Turkish Lira continues a bearish trend in global markets, down 3.1% WOW. Tensions between US and Turkey have increased significantly and it seems that US going to impose sanctions on Turkey as it has attacked to parts of Syria and Iraq with Kurd residents. The draft of sanctions includes boycott of selling weapons to Turkey,…
Turkish Lira dropped!
The Turkish lira rate was cut 3.25% by the Central Bank of Turkey, from 19.75% to 16.5%! Economic growth of Turkey was -1.5% in the last 3 months and the inflation rate was also +15% in the same period!