Turkish lira whipsaws from historic low after Erdogan announces rescue plan

Turkish lira whipsaws from historic low after Erdogan announces rescue plan

December 21, 2021 Yuri Badon 0

A money changer holds Turkish lira and U.S. dollar banknotes at a currency exchange office in Ankara, Turkey December 16, 2021.Cagla Gurdogan | ReutersTurkey’s lira has charged back from record lows at breakneck speed, seeing wild swings after President Recep Tayyip Erdogan revealed a plan to support the battered currency and protect local deposits against…