Turkish Lira Tumbles As Tanks Amass Along Syrian Border

Friday, January 11, 2019
By Paul Martin

by Tyler Durden
Fri, 01/11/2019

After an already painful start for the Turkish lira this year, shedding more than 3.5% of its value against the dollar during the first three days of 2019, and after early this week the lira slid lower amid renewed tensions between the US and Turkey following hopes that the feuding NATO members might finally be setting aside their differences, dashed by Bolton’s snub heard round the world by President Erdogan, the lira is now tumbling on fears of further escalation.

On Friday Turkey’s Anadolu news agency reported Turkey has deployed tanks on the border along Syria’s Idlib province. Turkey’s defense minister further announced preparations for an invasion of Syrian Kurdish enclaves east of the Euphrates “continues intensely”.

“We have Manbij, and the east of Euphrates ahead. Necessary planning was made regarding this. Our preparation continues intensely,” Defense Minister Hulusi Akar said while inspecting troops near the border with Syria, according to Anadolu.

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