The Turkish lira stabilised against the US dollar on Tuesday after posting an all-time low on Monday. Photo: EPA
The Turkish lira stabilised against the US dollar on Tuesday after posting an all-time low on Monday. Photo: EPA
Currencies

Growing global links mean Turkey’s lira crisis poses risk to world economy

Turkish government has so far refused to employ the traditional remedy of sharply raising interest rates

The Turkish lira stabilised against the US dollar on Tuesday after posting an all-time low on Monday. Photo: EPA
The Turkish lira stabilised against the US dollar on Tuesday after posting an all-time low on Monday. Photo: EPA
READ FULL ARTICLE