Understanding Turkey’s Phenomenal Currency Collapse | Real Turkey

Atilla YeşiladaPosted on

 

 

Understanding Turkey’s Phenomenal Currency Collapse

 

  • Turkish Lira lost more than 40% of its value vs dollar and Euro in a year!

 

  • The reason is President Erdogan’s crazy monetary experiment.

 

  • Why is he endangering his career and a nation’s prosperity? He may be losing his wits.

 

  • Where do we go from here?

 

  • Watch out for capital controls and bank runs.

 

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Published By: Atilla Yeşilada

GlobalSource Partners’ Turkey Country Analyst Atilla Yesilada is the country’s leading political analyst and commentator. He is known throughout the finance and political science world for his thorough and outspoken coverage of Turkey’s political and financial developments. In addition to his extensive writing schedule, he is often called upon to provide his political expertise on major radio and television channels. Based in Istanbul, Atilla is co-founder of the information platform Istanbul Analytics and is one of GlobalSource’s local partners in Turkey. In addition to his consulting work and speaking engagements throughout the US, Europe and the Middle East, he writes regular columns for Turkey’s leading financial websites VATAN and www.paraanaliz.com and has contributed to the financial daily Referans and the liberal daily Radikal.