Turkey Hopes To Save The Sinking Lira
139 views · Published 29 January 2014 · 1:14 · Indexed 6 November 2026
Channel: Wrath0fKhan · 2014 · People & Blogs
The Turkish central bank is holding an emergency meeting in hopes to stop the lira from sliding further. CNN reports. Would you like to know more? Turkish central bank raises lending rate to 12% (BBC, Jan 28, 2014) http://bbc.in/1b2QxhZ "The Turkish central bank has raised its overnight lending rate to 12% from 7.75% after an emergency meeting. It also increased the overnight borrowing rate to 8% from 3.5%. The move was intended to help stabilise the value of the lira, which plunged in recent days amid ongoing turmoil across emerging markets. The lira immediately strengthened after the central bank announcement, to 2.2 lira to the US dollar, from 2.253. The Turkish central bank had been slow to act amid fears that a rate rise could hurt the economy. In a statement, the bank said the move was intended to combat inflation, which reached 7.4% in December..." Turkey turmoil prompts central bank meeting (CNN, Jan 27, 2014) http://cnnmon.ie/1fly0ic "Turkey's central bank will hold an emergency meeting Tuesday in an effort to halt the lira's steep decline as the sell-off sweeping emerging markets deepens. The news helped the currency find firmer footing against the U.S. dollar Monday, but not enough to fully claw back recent losses. Over the past month the Turkish lira has sunk to record lows against the dollar, and weakened sharply against the euro. Stocks in the country have also been battered as a wide-ranging probe into public sector corruption continues to spook investors..." Gulen Vs Erdogan: Passports, Shoeboxes, Paranoia, Powerstruggle, Fire And Brimstone (YT, Dec 21, 2013) http://www.youtube.com/watch?v=dFf7QgMYvow Gulen Vs Erdogan: 29 Senior Police Officials Removed In Turkey After Bribery Arrests (YT, Dec 18, 2013) http://www.youtube.com/watch?v=pwkdKWdbr0c Jihadis Shaking With Excitement: The End Times Are Here! (YT, Nov 4, 2013) http://www.youtube.com/watch?v=zzekprvViQA Turkey's Creeping Islamization (YT, Oct 11, 2013) http://www.youtube.com/watch?v=rJ87tzUA66M Protests And Crackdowns Continue In Instanbul (YT, Jun 11, 2013) http://www.youtube.com/watch?v=Tgpe2iOimE0 Woman In Red, The Gassing Gangsters And Those Little Things (YT, Jun 4, 2013) http://www.youtube.com/watch?v=_a5u5Emv8FY See Massive Crowd Gather In Istanbul (YT, Jun 1, 2013) http://www.youtube.com/watch?v=9RId7hHgWdM A Lonely Guy's Warning (YT, Mar 19, 2013) http://www.youtube.com/watch?v=U-WEb7D23Ls Gas For Gold (YT, Nov 29, 2012) http://www.youtube.com/watch?v=_njhvVD5EqE Freedom Of Press Suffers In Turkey (YT, May 8, 2011) http://www.youtube.com/watch?v=SGGwWmwMvZc Widespread Violence Against Women (YT, Aug 1, 2010) http://www.youtube.com/watch?v=Xt_WH8EtTeI Turkish Police Arrest 17 Retired Generals (YT, Feb 24, 2010) http://www.youtube.com/watch?v=t-KrLhl5KMw
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