Turkey: At a new low – record the pound fell



The Turkish pound fell to a new low – a record, with its exchange rate hovering above 8.1 pounds per dollar. Tensions in Turkey’s relations with the US, its dispute with France, its dispute with Greece “It would be difficult for the Turkish central bank to admit more clearly that it does not want to take any steps to stabilize the outlook for inflation and the pound against the euro. “Increased geopolitical tensions and the threat of US sanctions are further exacerbating the negative climate for the pound,” a Commerzbank analyst said in a statement. On the brink of collapse The Turkish economy is on the brink of collapse and the Erdogan regime will not be able to stem the tide for a long time. the collapse of the Turkish lira, at a time when the real foreign exchange reserves of the country’s central bank are negative and therefore there are no other defenses. There is no longer any doubt that Turkey is experiencing a currency crisis much worse than in 2018, when relations with the US had reached the extremes on the occasion of the imprisonment of American pastor Andrew Branson. Analysts note that today the fronts are multiple and the possibility of electing Joe Biden increases the risk of US sanctions. Follow it on Google News and be the first to know all the news. See all the latest news from Greece and the world, at



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