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Comments by "" (@larsstougaard7097) on "Turkey's Erdogan Pledges More Rate Cuts" video.
May the lira rise again 🙏
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Erdogan made a bet with Lebanon 🇱🇧, who can collapse the fastest, Lebanon is still leading though.
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Lebanon 🇱🇧 say, Turkey come and join us 🤗⛈⛈🌚
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More than half of Turkish banking deposits are in foreign currencies, according to central bank data. Turkish banks have in the past lent foreign currencies to the central bank, which it has sold to steady the lira. A sudden rush by Turkish savers and businesses to redeem foreign-currency deposits or move them out of the country could cause the financial system to buckle.
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