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The Turkish lira is climbing ahead of Sunday’s snap elections

Turkish President Tayyip Erdogan greets his supporters during a ceremony in Istanbul, Turkey January 27, 2018. Yasin Bulbul/Presidential Palace/Handout via REUTERSThomson Reuters

The Turkish lira was up more than 1% on Friday.
That’s ahead of a historic presidential election this weekend.
Follow the Turkish lira in real time here.

The lira rose Friday ahead of Turkey’s historic snap elections this weekend, which will also mark the country’s shift from a parliamentary system to a more powerful presidency. 

The lira was up 1.3% to 4.6672 versus the dollar at 2 p.m. ET. Turkey’s central bank has been trying to prop up the lira ahead of the election, raising rates earlier this month for the third time in two months to 17.75%.See the rest of the story at Business Insider

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