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File picture illustration shows Turkish lira banknotes, in Istanbul - ASHARQ AL-AWSAT English Archive
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Turkish lira banknotes are seen in this file picture illustration taken in Istanbul on October 18, 2011. Turkey’s central bank faced fresh calls on July 11, 2013 to raise interest rates to steady the embattled lira despite political pressure from Prime Minister Tayyip Erdogan to keep rates low – a dilemma which could put the bank’s credibility at stake. The lira has tumbled some 9 percent against the dollar since late May, when investor concerns about the U.S. Federal Reserve scaling back stimulus measures was compounded by the start of anti-government protests across Turkey. REUTERS/Murad Sezer/File (TURKEY – Tags: BUSINESS)