A Sign of Change in Turkey's Economic Approach The Turkish lira is on track for its longest weekly losing streak since 1999. Turkey's recent economic team, spearheaded by two ex-Wall Street bankers, has adopted a restrained approach towards intervening in the foreign exchange market.. In the 18 months leading up to President Recep Tayyip Erdogan's re-election, the central bank spent nearly $200 billion on foreign exchange reserves in an unsuccessful attempt to strengthen the currency. However, The selection of two [...]