Turkish lira could plunge 15% as Erdoğan faces market wrath for sacking bank chief

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Removal of governor by Turkey’s president is ‘one of the worst public policy decisions in history’ and risks destabilising fragile economy

Tim Ash, senior emerging markets sovereign strategist at Bluebay Asset Management, said: “This decision is almost as bad as Brexit in terms of being the worst public policy decision I can remember in a country’s history.“This announcement demonstrates the erratic nature of policy decisions in, especially with regard to monetary matters,” said Cristian Maggio, head of emerging market strategy at TD Securities in London. “The Turkish lira may easily sell-off 10-15%....

 

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Serves the fascist bastard right.

How is 'could' news. 'Has' or 'will' would make a better article. It 'could' raise 20% as Erdogan sacks the incompetent bank cheif.

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Erdoganistan sinks ever lower among nations

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