• Turkish lira plunge: How Zara could gain from Turkey's economic pain

    2 monthes ago - By Fast Company

    Zara's parent company makes an estimated 15% of its products in Turkish factories.
    Everybody is freaking out about how Turkey's currency is in a tailspin. The lira plunged 17% against the dollar and 18% against the euro on Friday. This instability is causing anxiety in Turkey, which sees an economic crisis brewing.
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  • Turkey's currency takes nearly 15% dive to fresh all-time low after Trump tweets new tariff rate

    Turkey's currency takes nearly 15% dive to fresh all-time low after Trump tweets new tariff rate

    2 monthes ago - By Business Insider

    The Turkish lira fell as much as 14.6% versus the dollar Friday.
    President Recep Tayyip Erdogan called on citizens to convert other currencies and gold into lira.
    Washington imposed sanctions on Ankara over Americans detained in Turkey.
    Watch the lira trade in real time here.
    Turkey's currency plunged to fresh all-time lows against the dollar Friday after President Donald Trump announced in a tweet that he would double tariffs on aluminum to 20% and on steel to 50%.
    "I have just authorized a doubling of Tariffs on Steel and Aluminum with respect to Turkey as their currency, the Turkish...
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  • Erdogan urges Turks to dump dollar to support lira

    2 monthes ago - By RT

    Turkish President Recep Tayyip Erdogan has called on the country's citizens to sell foreign currencies to support the lira which has seen a record plunge against the US dollar amid a diplomatic conflict with Washington.
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