Improved EM currency practices make Turkey an outlier

Turkey’s travails, with the lira losing 45% against the dollar in 2021, raise questions over EM currency practices

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In this article

  • Warning lights
  • Real ructions
  • Dilemma
  • Escape clause
  • Recent appreciations
  • Relative stability
  • Turkey
  • Outlook

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.