Erdogan was speaking at his latest weekend forex trading course at a local election rally in Istanbul.
He does not want folks shorting the TRY. And, its not just your capital at risk …
- "I am calling on those who engage in such activities on the eve of elections, we know all of your identities. We know what all of you are doing. Know this, after the elections, we will present you with a heavy bill,"
He makes a compelling argument :-D
via Reuters
The background to this is elections approaching on March 31 and the TRY coming under selling pressure in the markets late last week.
Upside down chart to get the point across....
