Erdogan Turkish Lira. Erdogan removes finance minister as Turkeys lira crashes. It traded at 1373 at 1651 GMT.
ISTANBUL Nov 29 Reuters - The Turkish lira slid more than 4 against the dollar in thin and volatile trading on Monday nearing the record lows touched last week when President Tayyip Erdogan. Turkey and its local currency might be in a knockdown state but bitcoin can help the residents get back on their feet. ISTANBUL Reuters -Turkish President Tayyip Erdogan said on Saturday he hoped that volatile foreign-exchange and inflation rates would stabilise shortly and he again promised low interest rates after a historic plunge in the lira currency to record lows.
Erdogan also said the Turkish government will introduce a measure to help exporters while also increasing the governments contribution for private retirement plans.
Turkish president Recep Tayyip Erdogan introduced a set of laws on Monday intended to prevent dollarization within Turkey and push the countrys citizens to save their money in liraa. It has lost 46 percent of its value to the US currency this year. Turkish President Recep Tayyip Erdogan has announced a series of measures to encourage lira-denominated savings easing pressure on the beleaguered Turkish currency. Still the Turkish currency has depreciated by about 45 against the dollar this year.
