Morning Note /
Turkey

Turkey: Another day and the Lira is down another 1.2%

  • There seems to be no end to this as there is no anchor for the Lira anymore

  • President Erdogan has announced that Turkey is entering a new economic independence war

  • The unanchored Lira will lead to significantly higher inflation in the coming months in our view

Batuhan Ozsahin
ATA Invest
23 November 2021
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