-1 Djamel Brahimi Posted June 24, 2019 Author Share Posted June 24, 2019 Quote Link to comment Share on other sites More sharing options...
2 Djamel Brahimi Posted June 24, 2019 Author Share Posted June 24, 2019 Today* Quote Link to comment Share on other sites More sharing options...
0 Guest Sam Bouman Posted June 24, 2019 Share Posted June 24, 2019 The Turkish Lira has rallied over one percent today after the victory of the country’s opposition in the re-run of the Istanbul mayoral election. The currency was trading near 1.6% higher at 5.73 against the US dollar after the announcement that Ekrem Imamoglu had won the race to be Istanbuls mayor once more. This rally shows that investors feel that the growing support for the opposition party is good news for the Turkish economy with Erdogan previously stating that if his party loses the Istanbul majority then it will lose Turkey. With surging inflation the Turkish economy has struggled over the last year and Erdogan has repeatedly called for lower interest rates but this goes against the generally accepted theory amongst the country’s central bankers. However the result in the mayoral elections does increase political uncertainty in the country and this could eventually see the Lira weaken once more. Quote Link to comment Share on other sites More sharing options...
2 Patryk Bar Posted December 12, 2019 Share Posted December 12, 2019 (edited) Yes Edited December 12, 2019 by Patryk Bar Quote Link to comment Share on other sites More sharing options...
-1 Patryk Bar Posted December 13, 2019 Share Posted December 13, 2019 (edited) Very good question ! Edited December 13, 2019 by Patryk Bar 1 Quote Link to comment Share on other sites More sharing options...
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Djamel Brahimi
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