Free Republic 2nd Qtr 2024 Fundraising Target: $81,000 Receipts & Pledges to-date: $22,936
28%  
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Keyword: turkishlira

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  • Lira collapses as Erdogan tells Turks: They have 'their dollars,' we have 'our god'

    08/10/2018 8:49:31 AM PDT · by C19fan · 58 replies
    CNBC ^ | August 10, 2018 | David Reid
    The Turkish lira has collapsed to an all-time low against the dollar, but the country's leader has brushed aside concerns, telling Turks "we have our God." The Turkish President Recep Erdogan then followed those comments up Friday by urging Turks to sell dollars and gold and buy lira. At around 8:00 a.m. ET Friday, the lira had fallen to $7.081, an almost 11 percent loss for the session. It has since pared some losses. As recently as April one dollar bought about four Turkish lira.