Turkish lira faces fragility despite AKP victory
Decisive result has buoyed the currency for now, but banks' foreign debts still pose risks
You must be signed in to read this analysis
In this article
- Policy implications
- Risks remain
- Large external debt
- Limited reserves
- Central Bank credibility
- S&P review
- Exchange-rate risk
What is this?
This article is from the Oxford Analytica Daily Brief, which analyses geopolitical, economic, social, business and industrial developments on a global and regional basis, providing clients with timely, authoritative analysis every business day of the year. Find out more about the Oxford Analytica Daily Brief, or request a trial.
_350.jpg "A money changer counts Turkish lira bills at a currency exchange office in central Istanbu (Reuters/Murad Sezer)")