MarketsTurkish 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)
SINAN TAVSAN, Nikkei staff writer
December 26, 2021 02:52 JST
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.