Turkish Lira Gets Boost Before Weekend Snap Election
- 6 years ago
Business Insider reports the Turkish lira was up more than 1% on Friday.
The country will see historic presidential snap elections this weekend.
The elections mark a move from a parliamentary system to a more powerful presidency.
Turkey's central bank has been trying to boost the lira ahead of the election.
President Tayyip Erdogan is a self-proclaimed "enemy" of interest rates.
Erdogan moved the election up by more than a year when his opponents began gaining ground.
The lira hit a low last month after Erdogan said that he would exert more influence over the economy.
The country will see historic presidential snap elections this weekend.
The elections mark a move from a parliamentary system to a more powerful presidency.
Turkey's central bank has been trying to boost the lira ahead of the election.
President Tayyip Erdogan is a self-proclaimed "enemy" of interest rates.
Erdogan moved the election up by more than a year when his opponents began gaining ground.
The lira hit a low last month after Erdogan said that he would exert more influence over the economy.