The Traderszone Network

Published in TZ Latest News 29 December, 2021 by The TZ Newswire Staff

Erdogan’s experimental plan failing to convince in changing lira’s fortunes

Erdogan is famous for his unorthodox policies and the latest one last week is no exception.
He announced that the government would guarantee returns on lira deposits, at a rate similar to those on foreign currency. That essentially makes up for any further depreciation in the lira. An example:
If th