Turkey's Economy Is at Risk

President daron has insisted of late that a weak lira is actually a good thing for the turkish economy, and that it would help drive growth by boosting exports. The problem is that we can't really understand the impact of this new scheme because it is being helped so generously by currency interventions by the central bank. In only the two days surrounding mister edan's announcement, the central bank is believed to have sold about seven billion dollars in support of the lira through public banks. Another concern is the burden that this scheme will have on the treasury o this is a burden that will grow as long as the system is in place.