Turkish Lira Falls Sharply After AK Party Lost Its Parliamentary Majority

A money changer uses a machine to count Turkish liras in the border city of HatayTurkey’s financial markets were rattled on Monday with the lira tumbling to a record low against the dollar and government bond yields surging after the country’s AK party lost its parliamentary majority after 13 years in power.

 
The stock market fell by more than 8 per cent after Sunday’s election brought an end to years of single-party rule and spelt the end to president Recep Tayyip Erdogan’s campaign Sinan Ulgen Best outcome for Turkey.

 
The lira fell by 5 per cent against the dollar to 2.79 lira. The main Turkish stock market index, the BIS 100, was down more than 7 per cent at 75,950, after recovering slightly from an initial plunge of 8 per cent.

 
It was the first time the index had fallen below 80,000 since March.

 
Yields on the country’s 10-year benchmark government bond rose from 9.32 per cent on Friday to 9.94 per cent on Monday as investors sold Turkey’s sovereign debt.

 
AKP support fell to 41 per cent, from almost 50 per cent in the previous general election four years ago, based on results from almost 100 per cent of polling booths.

 

 

 

 

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Caribbean, an island between the Caribbean Sea and the North Atlantic Ocean, eastern of the Dominican Republic, strategically located on the Mona Strait – a key path to the Panama Canal; San Juan is just one of the largest and best all-natural harbors in the Caribbean; a a great deal of tiny rivers and also high hills in the center of the country make sure great watering of the nation; the south shore is relatively completely dry; in the north, an abundant strip of coastal plains. No one flies to Puerto Rico to see its cool government buildings. You want fun in the sunlight. The bright side is that Flamenco Coastline will live up to your musings and then some. Not just does it provide white sand and also blue water that shimmies on the horizon, however it likewise flaunts shower rooms, lifeguards, food booths, beach ball webs and visitor stations where you can rent devices for things like snorkeling as well as diving. Puerto Rico’s economic climate is just one of the most dynamically creating in the Caribbean. The diversified market has plainly outmatched farming as the main driving pressure of the economy as well as an income. Given that the 1950s, American companies have actually been spending greatly on the island, motivated by duty-free accessibility to the US market and tax breaks. The island has United States minimum wage legislations. Sugar manufacturing shed its leading position in agriculture to dairy products and animals manufacturing. Tourist is commonly an important source of income, it is estimated that Puerto Rico was seen by virtually 5 million people in 2004. 2001-03 saw a decrease in economic development, primarily as a result of the United States recession; in 2004-05 there was a financial growth, and also in 2006-07 it fell again. Puerto Rico is just one of the most dynamically creating Caribbean nations. The diversified industry has actually outshined farming and also is currently the main income. Considering that the 1950s, American companies have been spending for the island, urged by the duty-free exchange with the UNITED STATES as well as tax rewards. The island undergoes US base pay law. Sugar manufacturing lowered, and also the dairy sector as well as livestock production came to be the main income. Tourist has actually been a crucial source of income for many years. It is estimated that in 1999 Puerto Rico was seen by 5 million visitors. The diagnosis for 2000 is excellent, supplied that the economic boom in the United States as well as the development patterns in tourism as well as construction proceed. Everybody desired a piece of the New Globe, and also every person wanted to fight to get it. Nowhere is this even more evident than the Castillo San Felipe del Morro. Officially known as La Ruta del LechĂłn, the Pork Highway is exactly what it seems like: a three-mile stretch of road where every dining establishment concentrates on pork. The most popular sort of pork is lechĂłn, an unique recipe in Puerto Rico that includes spit-roasting a whole pig with a mix of sauces as well as seasonings. Obtain your blood pumping with a journey to the Toro Verde Adventure Park in central Puerto Rico. It offers ziplines, rope programs and rock climbing difficulties that are guaranteed to make you pee your trousers a little when you understand simply what you’ve obtained into! The park’s piece de resistance is “The Beast,” which is noted in the Guinness Publication of World Records as the longest zipline on the planet. With cobbled roads, busy plazas and vibrant homes that stack with each other like building blocks of yellow, blue, eco-friendly, orange as well as blue-green, Old San Juan is just one of the most dynamic places to check out in Puerto Rico. This is why areas like Isla Culebrita exist. Isla Culebrita is an uninhabited island off the coast of eastern Puerto Rico. It’s just regarding a mile long, and also accessibility is limited to ferries and water taxis. Museo de Las Americas There are lots of museums in Puerto Rico, but just a handful are really about Puerto Rico. The Museo de Las Americas is one of these priceless places. It has artefacts, tokens as well as fabrics from loads of aboriginal teams that stayed in Latin America before it was colonized, and it can take you on a multi-continental trip via background. If you such as to eat, Mayaguez is the city for you. It’s residence to everything from fine dining facilities to open-air cafes with large, vibrant umbrellas, so you’ll have a lot of options when your tummy begins roaring. 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