Türkiye's currency woes grow as elections approach

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Türkiye's currency woes grow as elections approach

STORY: Türkiye's currency woes grow as elections approach DATELINE: March 28, 2023 LENGTH: 00:03:55 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of Turkish flag 2. various of past elections in Türkiye (file) 3. various of earthquakes in Türkiye 4. various of Turkish central bank 5. various of Turkish lira 6. various of Turkish central bank 7. various of Turkish lira and U.S. dollar 8. SOUNDBITE (Turkish): ENVER ERKAN, Chief Economist at Istanbul's Dinamik Investment Securities STORYLINE: The ailing Turkish currency is under renewed pressure in the run-up to general elections set for mid-May as the financial cost of the devastating earthquakes is weighing on the country. The twin earthquakes in February have claimed the lives of more than 50,000 people with a huge material loss estimated at some 104 billion U.S. dollars. Following relative stability, the Turkish lira dipped over 19 per dollar, and economists predict that it may continue to weaken throughout the year. The lira has lost some 70

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