Turkish Lira Tumbles To Record Low As Government Questions Central Bank’s Patriotism

by Tyler Durden
ZeroHedge.com
02/27/2015

Another day, another currency hits a record low against the US Dollar. The Turkish Lira has collapsed in recent weeks since Erdogan rampaged against the ‘independence’ of the Central Bank and extended losses today after the economy minister said the government should discuss changing central bank regulations. Nihat Zeybekci said the Central Bank of Turkey’s independence should be conditional on the body taking “national interest” into account. Turkey continues to dump gold at record rates (money laundering to Iran via Switzerland?) and social unrest is on the rise (despite new laws to clamp down on protests) as the US consulate faces bomb threats.

The Rest…HERE

This entry was posted on Friday, February 27th, 2015 at 2:00 pm and is filed under Economics, Government Evil, New World Order, World Politics. You can follow any responses to this entry through the RSS 2.0 feed.