{"id":468906,"date":"2020-11-10T13:03:01","date_gmt":"2020-11-10T12:03:01","guid":{"rendered":"https:\/\/www.kapitalafrik.com\/?p=468906"},"modified":"2020-11-10T13:03:01","modified_gmt":"2020-11-10T12:03:01","slug":"turkey-the-more-erdogan-criticizes-france-the-more-the-turkish-lira-falls","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2020\/11\/10\/turkey-the-more-erdogan-criticizes-france-the-more-the-turkish-lira-falls\/","title":{"rendered":"Turkey: the more Erdogan criticizes France, the more the Turkish lira falls"},"content":{"rendered":"<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div><p>Is there a correlation between criticism of France and seeing its currency tumble? Turkish President Recep Tayyip Erdogan sees the damage caused by this improbable correlation, which has been added, moreover, to inflation of 12%.<\/p>\n<p>The massive withdrawals of foreign investors from the Turkish lira took it to its lowest point. Fearing a hackneyed plot from abroad and reinforced by an imaginary fifth column, the Turkish president on Saturday sacked central bank governor Murat Uysal, a technocrat who refuses to follow the presidential directive to lower interest rates.<\/p>\n<p>The decision was announced by decree published in the Official Journal. Murat Uysal is replaced by former Minister of Finance Naci Agbal, known to be loyal among the faithful.<\/p>\n<p>This dismissal of the central bank governor is the fourth in five years and should fuel long-standing criticism of the interference of political power in the management of the country&#8217;s monetary policy.<\/p>\n<p>The Turkish lira closed at 8.5445 to the dollar on Friday after hitting a record low of 8.58. It has plunged 30% since the start of the year, 10% in the past two weeks.<\/p>\n<p>Recep Tayyip Erdogan continues to call for lower interest rates. Last weekend, he noted that Turkey was waging an economic war against those who try to lock him &#8220;in the diabolical triangle of interest rates, rates of change and inflation.&#8221;<\/p>\n<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div>","protected":false},"excerpt":{"rendered":"<p>Is there a correlation between criticism of France and seeing its currency tumble? Turkish President Recep Tayyip Erdogan sees the damage caused by this improbable correlation, which has been added, moreover, to inflation of 12%. The massive withdrawals of foreign investors from the Turkish lira took it to its lowest point. Fearing a hackneyed plot<\/p>\n","protected":false},"author":536282,"featured_media":468910,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"aside","meta":{"pmpro_default_level":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[12046],"tags":[15577,219,1460,16677],"class_list":["post-468906","post","type-post","status-publish","format-aside","has-post-thumbnail","category-leaders-en","tag-erdogan","tag-france","tag-turkey","tag-turkish-lira","post_format-post-format-aside","pmpro-has-access"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.5 (Yoast SEO v27.7) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Turkey: the more Erdogan criticizes France, the more the Turkish lira falls - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. The aim of Kapital Afrik is to provide financial and political news, give priority to human entrepreneurial experiences, lend life to economic policies, givemeaning to statistics. Our \u201cexaggerated pretensions\u201d inspire us. We will strive, and gradually, to conceive, comfort and reach them. Three versions, three approaches and a global vision. The website is constantly on the news. The newsletter relays information every morning to executives, bankers, university financiers, students. The monthly edition analyzes the information and explains the setbacks. A single credo initiates our journalistic approach: information = actors, facts = a pluralistic vision. We aspire to neutrality, but we assume our subjectivity\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.financialafrik.com\/en\/2020\/11\/10\/turkey-the-more-erdogan-criticizes-france-the-more-the-turkish-lira-falls\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Turkey: the more Erdogan criticizes France, the more the Turkish lira falls\" \/>\n<meta property=\"og:description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. The aim of Kapital Afrik is to provide financial and political news, give priority to human entrepreneurial experiences, lend life to economic policies, givemeaning to statistics. Our \u201cexaggerated pretensions\u201d inspire us. We will strive, and gradually, to conceive, comfort and reach them. Three versions, three approaches and a global vision. The website is constantly on the news. The newsletter relays information every morning to executives, bankers, university financiers, students. The monthly edition analyzes the information and explains the setbacks. A single credo initiates our journalistic approach: information = actors, facts = a pluralistic vision. We aspire to neutrality, but we assume our subjectivity\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.financialafrik.com\/en\/2020\/11\/10\/turkey-the-more-erdogan-criticizes-france-the-more-the-turkish-lira-falls\/\" \/>\n<meta property=\"og:site_name\" content=\"Financial Afrik\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/FinancialAfrik\/\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-10T12:03:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.financialafrik.com\/en\/wp-content\/uploads\/2020\/11\/Macron-Erdogan-696x392-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"696\" \/>\n\t<meta property=\"og:image:height\" content=\"392\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Albert Savana\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Financialafrik\" \/>\n<meta name=\"twitter:site\" content=\"@Financialafrik\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Albert Savana\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2020\\\/11\\\/10\\\/turkey-the-more-erdogan-criticizes-france-the-more-the-turkish-lira-falls\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2020\\\/11\\\/10\\\/turkey-the-more-erdogan-criticizes-france-the-more-the-turkish-lira-falls\\\/\"},\"author\":{\"name\":\"Albert Savana\",\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/#\\\/schema\\\/person\\\/12e2e10e56f65df0540cb842b7b0ce22\"},\"headline\":\"Turkey: the more Erdogan criticizes France, the more the Turkish lira falls\",\"datePublished\":\"2020-11-10T12:03:01+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2020\\\/11\\\/10\\\/turkey-the-more-erdogan-criticizes-france-the-more-the-turkish-lira-falls\\\/\"},\"wordCount\":231,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2020\\\/11\\\/10\\\/turkey-the-more-erdogan-criticizes-france-the-more-the-turkish-lira-falls\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/wp-content\\\/uploads\\\/2020\\\/11\\\/Macron-Erdogan-696x392-1.jpg\",\"keywords\":[\"Erdogan\",\"France\",\"Turkey\",\"Turkish lira\"],\"articleSection\":[\"Leaders\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2020\\\/11\\\/10\\\/turkey-the-more-erdogan-criticizes-france-the-more-the-turkish-lira-falls\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2020\\\/11\\\/10\\\/turkey-the-more-erdogan-criticizes-france-the-more-the-turkish-lira-falls\\\/\",\"url\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2020\\\/11\\\/10\\\/turkey-the-more-erdogan-criticizes-france-the-more-the-turkish-lira-falls\\\/\",\"name\":\"Turkey: the more Erdogan criticizes France, the more the Turkish lira falls - Financial Afrik\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2020\\\/11\\\/10\\\/turkey-the-more-erdogan-criticizes-france-the-more-the-turkish-lira-falls\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2020\\\/11\\\/10\\\/turkey-the-more-erdogan-criticizes-france-the-more-the-turkish-lira-falls\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/wp-content\\\/uploads\\\/2020\\\/11\\\/Macron-Erdogan-696x392-1.jpg\",\"datePublished\":\"2020-11-10T12:03:01+00:00\",\"description\":\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. 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