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Should I transfer my Turkish Lira into British Pounds now!!

Your questions answered by our Currency Expert John Cameron. Click here to ask your currency question...

On Wednesday, 11th November 2015 following question to our expert...

I Have 200000 Turkish Lira. Should i cash it into British Pounds now or
hold on!!! Thank you

On Wednesday, 11th November 2015 ...


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In answer to your question, the problems for the Turkish Lira are deep-set. The continued and increasing threat posed by the so-called Islamic State alongside a low generalised appetite for emerging market currencies means that this situation is not likely to turn around in the short-to-medium term.

For this reason, I would consider selling your TRY sooner rather than later.

Best Regards,

John Cameron
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