{"id":11241,"date":"2015-08-19T08:11:27","date_gmt":"2015-08-19T13:11:27","guid":{"rendered":"http:\/\/olduvai.ca\/?p=11241"},"modified":"2015-08-19T08:11:27","modified_gmt":"2015-08-19T13:11:27","slug":"turkey-turmoiling-lira-plunges-to-record-low-on-financial-political-terrorism-fears","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=11241","title":{"rendered":"Turkey Turmoiling: Lira Plunges To Record Low On Financial, Political, Terrorism Fears"},"content":{"rendered":"

Turkey Turmoiling: Lira Plunges To Record Low On Financial, Political, Terrorism Fears<\/a><\/h3>\n

Turkey\u2019s lira is once again in free fall, after testing all-time lows against the dollar during multiple sessions of late as political turmoil and civil war wreak havoc on the currency.<\/p>\n

On Tuesday,\u00a0the central bank failed<\/a>\u00a0to hike rates and delivered what was generally said to be a confused set of guidelines for navigating the normalization of monetary policy in developed markets.<\/p>\n

In short, a perfect storm of political upheaval, indeterminate monetary policy, and growing violence between Ankara and the country\u2019s Kurdish population have conspired to send the lira on a terrifying ride and as you\u2019ll note from the headline roundup presented below, it looks as though things are going to get a whole lot worse before they get better.<\/p>\n