Venezuelan and Iranian currencies are down the crapper, and now comes Turkish currency swirling around the porcelain bowl ...
Turkish Currency Falls Following U.S. Religious Freedom Sanctions
http://www.breitbart.com/national-security/2018/08/02/turkish-currency-falls-us-sanctions/
Turkey's currency, the lira, plunged to a record low on Wednesday and continued to fall Thursday following the imposition of sanctions by the United States on two Turkish officials for their roles in the detention of American pastor Andrew Brunson.
The U.S. Treasury banned Turkey's Minister of Justice Abdulhamit Gul and Minister of Interior Suleyman Soylu from possessing property in the United States or doing business with American citizens on Wednesday in solidarity with Brunson, accused on having ties to Islamic and Marxist terrorist groups despite a notable lack of evidence.
Turkey's economy and markets have been embattled for a while.
The Wall Street Journal reported that the lira "has lost around a quarter of its value against the dollar in 2018, as Turkey battles high inflation and debt, at a time when investors are questioning the independence of its central bank." ...
GOOD!
The essential American soul is hard, isolate, stoic, and a killer. It has never yet melted. ~ D.H. Lawrence
| 