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Losing Faith Fast, Istanbul Merchants Throw in Towel on the Lira 

Losing Faith Fast, Istanbul Merchants Throw in Towel on the Lira 

Losing Faith Fast, Istanbul Merchants Throw in Towel on the Lira As economists speculate on the policy makers’ range of options in the face of a market meltdown, Turks are throwing in the towel on their national currency. President Erdogan’s repeated calls for citizens to convert their considerable foreign-exchange deposits to support the lira are falling on deaf ears. “I have respect for our president, but I can’t sell my gold and foreign currency just because he made that call,” said Sevin Temur, a 58-year-old retiree.

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