IF,BUT,MAYBE,WHEN IT GETS TO, WAITING FOR
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Turkish currency and stocks drop after President Erdogan fires top central bank official
Turkey’s stocks and currency dropped on Monday as investors ditched Turkish assets after the country’s central bank governor was ousted by President Recep Tayyip Erdogan. The iShares MSCI Turkey ETF (TUR) slid 2.3%, on track for its worst day since June 13. The ISE National 100, Turkey’s main stock index, dropped nearly 1%. Meanwhile, the Turkish lira dropped more than 1.5% to trade at 5.718 per dollar. A presidential decree released Saturday said Turkish central bank Governor Murat Cetinkaya was removed from his post and replaced with his deputy, Murat Uysal. The decree did not specify why Cetinkaya was fired, ... (full story)
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