Eco : The Turkish lira
has plunged by up to 18 percent on concern over President Erdogan's influence
over monetary policy and tensions between Ankara and Washington, and the
Turkish currency has lost more than 27 percent of its value this year ...
Capital
Economics said the decline in the Turkish lira could boost pressure on Turkey's
banking sector due to large lending volumes and a third of bank loans in
foreign currencies .
On the other hand, the
US administration announced through a statement issued by the White House
signed by US President Donald Trump: It is necessary and appropriate to apply a
50% customs duties on Turkey's steel imports from August 13 to the launch of
local capacities on the importer .
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