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Losing Faith Fast, Istanbul Merchants Throw in Towel on the Lira 

August 12
20:51 2018

Losing Faith Fast, Istanbul Merchants Throw in Towel on the Lira As economists speculate on the policy makers’ range of options in the face of a market meltdown, Turks are throwing in the towel on their national currency. President Erdogan’s repeated calls for citizens to convert their considerable foreign-exchange deposits to support the lira are falling on deaf ears. “I have respect for our president, but I can’t sell my gold and foreign currency just because he made that call,” said Sevin Temur, a 58-year-old retiree.


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