Tag: monetary

BUSINESS

Turkish Lira Plunges The Most Since 2021 Meltdown

Little relief is in sight, especially as energy costs spiral higher for Turkey. The Turkish lira plunged the most since a rout late last year, as a steep drawdown in the central bank’s reserves and its unorthodox monetary policy left the currency increasingly exposed amid a standoff with the country’s NATO allies. Already the worst performer in emerging markets this […]