The value of the Turkish lira has recently plummeted more than 12 percent against major foreign currencies.
The Turkish banking sector is "very strong," and one of the most successful in the world, Central Bank governor Sahap Kavcioglu told a group of journalists after meeting with public and private banking officials and bank CEOs in Istanbul on Thursday. Kavcioglu’s remarks came amid fluctuating foreign exchange rates in the wake of interest rate cuts by the Central Bank.'Unrealistic' price formations
Commenting on volatility in the foreign exchange markets, Turkey’s Central Bank on Tuesday decried “unhealthy” and “unrealistic” price formations in those markets, saying they are completely detached from economic fundamentals.
When a Muslim ruler makes an honorable decision, the world powers will impose sanctions on him. The Turkish nation must use common sense. If the Turks want to become slaves like the Arabs, then remove Tayyip Erdogan
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