Category: Currencies

Turkish Coup Attempt & Turkish Lira

by Dimitrios Koutsoubos

(A translation from the original published in July 26th, 2016)

15th of July will be marked as a historic day for Turkey. It is not the first time that the neighboring country is experiencing a coup, but for several reasons the last coup attempt was not like the previous. Such events change the course of history and of course can’t leave the economy unaffected. So, they may bring opportunities that investors can take advantage of. The geographical and cultural proximity of Turkey help us, the Greek investors, have a better understanding of the situation. We are neither too far, nor inside the fire to lose our objectiveness. As I explain below, I believe that Turkish Lira and USD/TRY exchange rate can be a very interesting field for investors with mid and long term horizon.

Read More