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 Turkey Issues Arrest Warrant For Second US Consulate Worker, Lira Plunge Accelerates

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PostSubject: Turkey Issues Arrest Warrant For Second US Consulate Worker, Lira Plunge Accelerates   Tue Oct 10, 2017 1:56 am

One day after an escalating diplomatic spat, in which both the US and Turkey halted the issuance of non-immigrant visas to each other's citizens following last week's arrest by Turkey of a US consulate worker, on Monday Turkey issued another detention warrant for a second US consulate employee, Ahaber newspaper reports.
The market reaction to the rising diplomatic tensions has been dramatic, sending the Turkish lira crashing the most since the July 2016 failed "coup" attempt on Turkey's president Erdogan, while local stocks and bonds tumbled in sympathy, the local Borsa Istanbul 100 index sliding, and now in correction territory having dropped more than 10% from its late August peak. The news of the second arrest have led to some further weakness in the Lira this morning, which crashed to a record low against a basket of currencies including the euro and the dollar.



http://www.zerohedge.com/news/2017-10-09/turkey-issues-arrest-warrant-second-us-consulate-worker-lira-plunge-accelerates

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Turkey Issues Arrest Warrant For Second US Consulate Worker, Lira Plunge Accelerates

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