Businessmen holding US dollars stand in front of a currency exchange office in Ankara on August 14 in response to Turkish President Recep Tayyip Erdogan’s call to Turks to sell their dollar and euro savings to support the lira. Photo: Reuters
Opinion
Opinion
Macroscope
Why the ‘fragile five’ emerging market currencies have alarm bells ringing again
Nicholas Spiro says despite strengthening economic fundamentals, Brazil, India, Indonesia, South Africa and Turkey face the risk of capital flight if investor sentiment continues to weaken
Businessmen holding US dollars stand in front of a currency exchange office in Ankara on August 14 in response to Turkish President Recep Tayyip Erdogan’s call to Turks to sell their dollar and euro savings to support the lira. Photo: Reuters