Turkish banking regulator initiates price manipulation lawsuits

(AOF) – The Turkish government is taking steps to protect its currency. Caught in the middle of a currency storm, caused by the unorthodox policy of the authorities, the Turkish lira has lost more than 47% since the beginning of the year against the euro and is still crumbling 1.3% on Tuesday, the currency Unique is now trading for 13,4078 lira. A fiasco that the Turkish banking regulator seeks to blame on other actors, since yesterday it initiated a process against 26 people, former governors of the central bank, journalists and economists, for trying to manipulate the exchange rate.


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