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Turkish Currency Plunges

Why has the Turkish lira fallen sharply by 20%?

President Trump doubles metal tariffs on Turkey as the lira falls by 20%. So what's behind this plunge in value and what does it mean for the Turkish economy?

Also in the programme: The inauguration of Zimbabwe's President is postponed after the opposition launches a legal challenge to his victory.

Picture: Turkey's President Recep Tayyip Erdoğan. Credit: Reuters/Damir Sagolj.

53 minutes

Last on

Fri 10 Aug 201820:06GMT
BBC World Service except News Internet

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Broadcast

  • Fri 10 Aug 201820:06GMT
    BBC World Service except News Internet

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  • Newshour

    Interviews, news and analysis of the day’s global events.