Posts tagged as currency crisis

China offers Turkey moral support, says can overcome difficulties

Saturday, August 18, 2018

China offered moral support to Turkey on Friday as Ankara reeled from a currency crisis and U.S. sanctions, saying it believed the country could overcome its “temporary” economic difficulties, in Beijing’s first comment on the issue. The Turkish lira TRYTOM=D3 has lost a third of its value against the dollar this year as worsening relations between the NATO allies Turkey and the United States added to losses driven by concerns…