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Turkey Asks People to Ditch Dollars for Lira Savings

Mount Equity Group Tokyo Japan > News > Markets > Turkey Asks People to Ditch Dollars for Lira Savings

A customer uses a currency exchange bureau in Istanbul, Turkey, on Wednesday, June 2, 2021. Turkish President Recep Tayyip Erdogan renewed calls for lower interest rates despite elevated inflation, sending the lira to a fresh low against the dollar and prompting the central bank governor to push back against expectations of an imminent move.
, Bloomberg

(Bloomberg) — The Turkish government is pushing its lira-rescue plan to a new level: an advertising campaign to convince people to convert their savings to the local currency. 

A video broadcast on national television and social media on Sunday praises citizens’ hard work and asks them to invest…

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