Turkish lira volatility returns after sacking of central bank governor

By William Clarke
Published: Wednesday, 10 July 2019

A drop in the Turkish currency is good news for mineral exporters.

The Turkish lira reversed months of gains, after President Recep Tayyip Erdogan sacked the country’s central bank governor.

A weaker lira is good for miners, who sell their material in dollars but pay local costs in Turkish lira.

Turkey is a major producer of a number of minerals, including barite,...

This is a preview of the full article

  • 2 years pricing data on all minerals
  • The latest global news and features
  • Print magazine
  • Article archive ranging from 1988
  • Access on the move with IM Insight mobile app

Take a Trial or Subscription today. Start below: