UPDATE 6-Turkey will emerge stronger from lira crisis, finance minister tells investors [Reuters (UK)]
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Source: Reuters
Turkey will emerge stronger from lira crisis, finance minister tells investors | Reuters 6 Min Read ISTANBUL (Reuters) - Finance Minister Berat Albayrak assured international investors on Thursday that Turkey would emerge stronger from its currency crisis, insisting that the country’s banks were healthy and strong. In a conference call with thousands of investors and economists, Albayrak - who is President Tayyip Erdogan’s son-in-law - said Turkey fully understood and recognised all its domestic challenges but was dealing with what he described as a market anomaly. The Turkish lira hit a record low of 7.24 to the dollar this week, down 40 percent this year, as investors fretted over Erdogan’s influence over monetary policy and a bitter dispute with the United States. Facing Turkey’s gravest currency crisis since 2001 in his first month in the job, Albayrak has the daunting task of reassuring the investors that the economy is not hostage to political interference. Albayrak, a 40-year-o
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