Turkish Lira massacred by corruption crisis
The Turkish Lira is losing more strength this morning.
First chance for London to sell Turkish lira after holiday politics. Chance taken. off shade less than 2% pic.twitter.com/xFuhOvusnI
— Paweł Morski (@Pawelmorski) December 27, 2013
The currency has had a bit of a break recently, but a fresh political crisis is driving it to record lows against the dollar.
Yesterday Prime Minister Recep Tayyip Erdogan reshuffled the Turkish cabinet after three ministers resigned on Wednesday – and new liquidity fears aren't helping matters.
It's a lira massacre. #Turkey
— Yannis Koutsomitis (@YanniKouts) December 27, 2013