date:May 16, 2023
The Turkish lira is already facing some of the most volatile conditions across global currency markets. Now, the nation is well into the presidential elections, with traders predicting a likely collapse if incumbent Recep Tayyip Erdogan retains his presidency.
Turkey is holding both its presidential and parliamentary elections. In the event of a victory by Erdogan, its highly likely the Turkish lira collapses within months, the founder of advisory firm Cribstone Strategic Macro Mike Harris stat