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Turkish lira surges on shift to hidden lending rate

The Age Thursday, 12 January 2017
Turkey's central bank finally gained traction in its efforts to prop up the lira.
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Credit: Bloomberg Global Business - Published < > Embed
News video: Lira Replaces Rand as World's Most Volatile Currency

▶ Lira Replaces Rand as World's Most Volatile Currency 02:09

Jan.10 -- The lira has replaced South Africa’s rand as the world’s most volatile currency. A gauge of expected exchange-rate swings jumped on Tuesday to the highest level in almost three years amid speculation Turkey’s central bank won’t raise interest rates. Bloomberg's Mark Cudmore has more...

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