Turkish Lira Tumbles to Record Lows....

The Turkish lira depreciated to record lows in yesterday’s trading session. The new cabinet under Erdogan’s re-election signaled to the world that they will be reducing efforts to save the country’s currency. The lira as been depreciating for some time now and the recent fall was its largest percentage drop since 2021.

The Turkish Lira under Erdogan’s vision will have to endure systematic measures to regain stability. Contrary to raising rates like most other nations worldwide, Turkey’s approach may seem radical. But as rebellious as it may appear, Erdogan’s measures may be strategic amid Eurasian turmoil and global inflation. Regardless of the matter, we may see further depreciation from the Lira as economies globally struggle to balance a falling world banking system.

Let’s see how the 🎲 roll.

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