Comments by Turkey's economic minister Nihat Zeybekci
- Scale of volatility has a dangerous side
- But monetary policy should manage it
- Steps should show we won't tolerate lira weakening
- Current lira level is 'abnormal'
- No permanent damage on Turkish economy just yet
Right, and where's the so-called monetary policy again? The lira is basically a currency in a crisis at the moment. USD/TRY jumped to a high of 4.9253 earlier today, with the lira being the worst performing emerging market currency on the day once again.
------
