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Wednesday, 20 July 2016 - 13:39
Turkish Shares Close Down – After Coup Attempt
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Shares in Istanbul closed down by 7.1% following Friday’s (15th July) attempted coup in Turkey.

But the Turkish Lira, which initially fell by nearly 5%, recovered some of its lost ground and rose by 1.4% on Monday (18th July).

Over the weekend the government moved to calm fears and said it had consulted the central bank and the treasury and decided on “all necessary measures”.

The central bank said it would provide unlimited liquidity to banks.

At about 1600 BST the lira was trading at 2.97.31 against the dollar, having ended the week at 3.01.57 per dollar, close to the record low set last September.

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