Turkish Lira Currency Crisis The Turkish lira is in free fall today after President Erdogan demanded the Central Bank of Turkey to cut rates for a third consecutive month from 19% to 15%. The Turkish lira against the U.S. dollar has been weakening over the past decade, but today the currency saw rapid deceleration losing over 10% of its value in one day hitting an all-time low. It’s a historic event for a G20 country.
i don't like shorting currency... but, this is like free money. ₿