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Turkey tanks

Turkey's crisis isn't over yet — it's just taking a breather. After dropping to a record low of 7.24 lira per U.S. dollar, Turkey's currency rebounded on Friday morning to 5.77 per dollar. In fact, the lira was the best performing currency on Earth last week — and it wasn't even close. The Turkish lira was far and away the best performing currency in the world this week pic.twitter.com/E7zsAUCE5q — Joe Weisenthal (@TheStalwart) August 17, 2018 A big factor was a conference call Turkish Finance Minister Berat Albayra held with thousands of international investors on Thursday.

 

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