Turkey President Erdogan: Will take new measures on Lira volatility

Haresh Menghani FXStreet

Turkish President, Tayyip Erdogan was out on the wires in the last hour and said that the government is trying to solve Lira volatility issue with free market economy rules.

Additional quotes:

• Turkey has recently underperformed emerging market economies.
• Turkey needs to take measures, we don’t ignore that fact.
• Presidential system a chance to carry out reforms swiftly.
• Difficult times require difficult measures, we will not refrain taking them.
• Solving rent in Forex issue completely.
• None should carry out business in Forex, except for exporters, importers.
• Turkey needs to increase savings in the public sector.
• Central banks are independent and make own decisions.

Author

Haresh Menghani

FXStreet

Haresh Menghani is a detail-oriented professional with 10+ years of extensive experience in analysing the global financial markets.

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