Economy | Business | World

Turkey's Lira Falls To Its Lowest Value In Years

NPR | Sept. 19, 2013 4:07 p.m. | Updated: Sept. 20, 2013 10:33 a.m.

Contributed By:

Peter Kenyon

Potential changes in economic policy from Washington have sent tremors throughout emerging economies. In Turkey, where growth in recent years has put Eurozone economies to shame, the signs are troubling: The Turkish lira has fallen to its lowest value in years and private sector debt is soaring. Economists say continued liquidity and foreign investment remains crucial if Turkey is to avoid a hard landing.


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