Erdogan inspired by Isarescu in fighting foreign banks: Turkish lira ‘19 versus Ron ‘08

The measures announced by Erdogan against JP Morgan and other foreign banks are identical with what Isarescu, Governor of Central Bank of Romania, enforced in October 2008. A short refresher of the moves of Isarescu, vested interests in the exchange rate manipulation in the so called speculative attack on Ron in 2008 will shed more light on what Erdogan is […]