Dark Saturday is followed by a Black Monday as Turkish Lira falls 14% #dolar

In Uncategorized on March 22, 2021 at 10:03

The Central Bank governor has been replaced with a pro-government economist advocating lower interest rates.

Turkish lira falls 14% after bank governor sacked

The outgoing central bank chief is the third exit in under two years under Turkey’s President Erdogan.
Sacked governor Agbal had raised interest rates to rein in inflation; analysts fear new chief may reverse rate hikes.

Some more news from the Dark Saturday as this man-made crisis grows:

The White House – Mar 21, 7:31 AM

To search this site, enter a search term Briefing Room • Statements and Releases Turkey’s sudden and unwarranted withdrawal from the Council of Europe Convention on Preventing and Combating Violence Against Women and Domestic Violence

Exclusive] EU report on Turkey includes possible tourism sanctions

Europe should be ready to kick Turkish president Recep Tayyip Erdoğan where it hurts (in his economy) if he goes back to his gas-drilling piracy in the Mediterranean,
Top European Union officials have made statements about Turkey’s withdrawal from the İstanbul Convention by the decree of President and ruling AKP Chair Erdoğan; they have urged the country to reverse its decision.
Stripped of MP status on March 17, HDP’s Ömer Faruk Gergerlioğlu was keeping a “Justice Watch” at the Parliament. He has been detained as part of a new investigation.

The post Dark Saturday is followed by a Black Monday as Turkish Lira falls 14% #dolar appeared first on Erkan's Field Diary.

Vía Erkan’s Field Diary

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