Latest in Tag: Turkish lira Highlight

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Latest in Tag: Turkish lira


Turkish Lira tumble hits hard Turkey's key construction sector

Opinion| Erdogan’s policies and the collapse of Turkish lira

In fact, the ruling party in Ankara stands against the independence of the central bank’s decisions, and always seeks to reduce the interest rates on loans. On the one hand, the ruling party believes that lowering the interest rate on loans will attract more investment. On the other hand, in contrast, the central bank keeps its interest high to ensure the permanence of its profits and the profits of the banking sector. This difference of views turned into a clear hostility between the two sides.

Marwa El- Shinawy

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