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Turkey’s Currency Crisis Series: Part two (of two) – What next for the Turkish lira?

Previous EM currency sell-offs of similar magnitudes often yielded high currency returns in subsequent years. Based on valuations, historical data from previous sell-off episodes and the economic rebalancing that is taking place; current exchange rate levels suggest attractive return expectations for long-term TRY (Turkish lira) currency investments. Elevated rates of inflation and the external debt …read more