Maximus wrote:No doubt that would help but there is more to it than that.
The problem is systemic.
Foreign money is leaving the country in record numbers,
$893 million worth of stocks was sold last month alone, the highest amount on record.
And since my last post, the TRY is about 2 cents away from crashing through the floor again.
Don't forget, that the USD is way down now. USD and CHF generally run neck and neck on the exchange rate, but right now the USD is down about 10% against the CHF. 1 CHF buys 8 TRY. Basically, the TRY is already in the toilet. It is only a matter of time when it will get flushed down.