Turkish lira crisis turns political with lawsuit threat

TRY to PKR

ISTANBUL: Turkey’s currency crisis turned increasingly political on Thursday after a top minister urged citizens to sue economists who comment on social media about the lira’s slide. Finance Minister Nureddin Nebati’s unusual remarks late Wednesday followed the banking regulator’s decision to file complaints against more than 20 people, including a former central bank governor, over … Read more

Turkish lira pulls back from historic low

ANKARA: The Turkish lira surged on Monday on expectations that President Recep Tayyip Erdogan was ready to walk back from his threat to expel 10 Western ambassadors over their statement of support for a jailed civil society leader. The United States and several of the concerned countries issued identical statements on Monday saying they respected … Read more