The Turkish Lira has plummeted nearly 30% in the past week versus the US Dollar. Much of the move was the result of an all-out trade war with the United States which saw tariffs as high as 50% on some items like steel. Turkey has retaliated increasing tariffs on consumer goods, and the Turkish government has been encouraging protests which included shooting iPhones and tearing up fake US Dollars. Turkey may look to institute capital controls which would limit individuals from exchanging currency or moving funds outside of the country. In anticipation of this possibility would see many Turks dumping

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