Turkish lira is down by 0.80% against the US dollar today, during a rather quiet session on the currency market. Currency plunge is associated with information that first parts of Russian S-400 missile system to be delivered to Ankara today. The US repeatedly threatened to impose sanctions in case of purchase of the Russian system. Economic sanctions may be very powerful, because trade ties are quite significant, looking from the perspective of Turkey.
Turkish lira weakens on possible US sanctions
Jul 12, 2019