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The Turkish lira has hit a new low after the election win of the president, Recep Tayyip Erdoğan, in a renewed sign of the economic troubles his country is expected to face in the third decade of his rule.
The lira fell against the dollar as Erdoğan pronounced victory. The next morning, investment bank Morgan Stanley predicted that the currency will drop further this year, reaching 26 or even 28 to the dollar more quickly than previously anticipated.
https://www.theguardian.com/world/2...ogan-claims-mandate-to-continue-divisive-rule
The lira fell against the dollar as Erdoğan pronounced victory. The next morning, investment bank Morgan Stanley predicted that the currency will drop further this year, reaching 26 or even 28 to the dollar more quickly than previously anticipated.
https://www.theguardian.com/world/2...ogan-claims-mandate-to-continue-divisive-rule