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Turkish Lira In Freefall As Erdogan Promises To Meddle With Central Bank

2018-05-24 7 Dailymotion

The Turkish lira fell to record lows against the greenback overnight Tuesday.<br />The lira fell 4.8% to 4.9233 per dollar around 8:30 a.m in Istanbul.<br />Investors pulled cash out of the country ahead of a presidential election next month.<br />Turkish President Recep Tayyip Erdogan is a self-proclaimed "enemy" of interest rates.<br />Erdogan says that if he wins the election, he will take more responsibility for the economy. <br />

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