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Turkish lira hits new record low against US dollar - economy

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Turkey's currency troubles deepened on Monday as the country's lira hit a new low against the US... euronews, the most watched news channel in Europe Subscribe for your daily dose of international news, curated and explained:http://eurone.ws/10ZCK4a Euronews is available in 13 other languages: http://eurone.ws/17moBCU http://www.euronews.com/2014/01/06/turkish-lira-hits-new-record-low-against-us-dollar Turkey's currency troubles deepened on Monday as the country's lira hit a new low against the US dollar. Political tensions, notably a high-level corruption scandal engulfing Prime Minister Recep Tayyip Erdogan's government are thought to have helped compound the latest slump. The drop marks another new record low against the dollar, with investors already concerned the country is ill-placed to cope with the US Federal Reserve raining in quantitative easing. Turkey has one of the biggest current account deficits of any major economy. The country's central bank has shied away, for the moment, from cutting interest rates, preferring to prop up the lira by selling Turkey's dollar reserves. Find us on: Youtube http://bit.ly/zr3upY Facebook http://www.facebook.com/euronews.fans Twitter http://twitter.com/euronews
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Text Comments (8)
Ghulam Hassan Dogar (9 months ago)
Many countries are seriously considering trading not in dollar then surely dollar Will come to original position.
Rob Happe (9 months ago)
No missile system but reintroduction of camels and mules!
Hamid Hussain (9 months ago)
Stop to interest system to control the world I stand with turkey
Andrew Bochung (9 months ago)
This is why you should not mess with Donald Trump
sam h (1 month ago)
Vantastic van why
Vantastic van (9 months ago)
Wait for November 6th and let me know if you can see Donalt Trump in there anymore.
ahmed khalaf (9 months ago)
Lee Southard (2 years ago)
hope they get some bitcoin

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