lira

Turkish Lira Hits Record Low After Erdogan Seeks Mass Expulsion of Western Envoys

The Turkish lira fell 1.6  percent to a record low against the dollar on Monday, causing fresh anxiety for nervous investors. The Turkish currency hit a few record lows last week, but plunged again to an all-time rock bottom after President Recep Tayyip Erdogan declared his intention to expel the ambassadors of the United States, France, Germany, and seven other Western nations.

erdogan

Turkish President Erdogan Calls for Boycott of American Electronics

Turkish President Recep Tayyip Erdogan lashed out against the United States on Tuesday and called for a boycott on American electronics to retaliate against the Trump administration’s tariffs on steel. It was not clear from Erdogan’s remarks if he plans to implement a government ban on U.S. electronics imports or merely wants Turks to refrain from buying them.

The Associated Press