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Erdogan Says Lira Will Stabilize Next Week, Urges Savings/Gold Conversion to TRY

TURKEY
  • ERDOGAN: TURKEY MOSTLY REINED IN 'MEANINGLESS' LIRA VOLATILITY
  • SAYS LIRA WILL STABILIZE NEXT WEEK
  • URGES CITIZENS TO KEEP SAVINGS IN NATIONAL CURRENCY
  • INTEREST MAKES THE RICH RICHER AND THE POOR POORER
  • SAYS TURKEY TAKING MEASURES TO PREVENT LIRA VOLATILITY
  • URGES CITIZENS TO BRING UNDER-MATRESS GOLD TO SYSTEM
  • SAYS HE EXPECTS 'NORMALIZATION' REGARDING PRICE HIKES
  • INTEREST IS THE REASON, INFLATION IS THE RESULT
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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