Turkey's Erdogan sees end to FX-demand driven volatility

  • 1/19/2022
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ISTANBUL, Jan 19 (Reuters) - Turkish President Tayyip Erdogan said on Wednesday there will no longer be volatility in financial markets caused by unbalanced demand for foreign currency, after the lira currency tumbled 44% in value against the dollar last year. In a speech to neighbourhood administrators in Ankara, Erdogan said the froth would soon be removed from inflation - which surged to an annual 36.1% in December, the highest level during his 19-year rule.

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