Turkey pledges action to calm markets

Turkey pledges action to calm markets
 

Turkey has pledged it will take action to calm markets after the lira plunged to a new record low in Asian trading.
The details would be unveiled shortly, the country's finance minister told Turkish newspaper Hurriyet.
"From Monday morning onwards our institutions will take the necessary steps and will share the announcements with the market," Berat Albayrak said.
On Friday, the lira lost 20% of its value versus the dollar. It had already fallen more than 40% in the past year.
Mr Albayrak said the country would "act in a speedy manner" and its plan included help for the... read more

 
13 August 2018 in Business, Views: 63
Source: BBC
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