ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Markets

Turkish elections may hinge on short window of lira calm

Erdogan says forex 'bubble' has burst and country heading for stable summer

Turkish President Recep Tayyip Erdogan delivers a speech at a meeting with economists and academics at Dolmabahce Office in Istanbul on Dec. 24. (Photo courtesy of the presidency)

ISTANBUL -- After an unprecedented week for Turkey's currency, one that saw the lira appreciate over 70% from all-time lows at one point, President Recep Tayyip Erdogan expressed confidence that his country was on a path to stability and the foreign exchange "bubble" had been popped.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more