By Walter Grand in Economy —

There is a risk that Turkey will introduce additional capital controls - S&P Global

There is a risk that Turkey will introduce additional capital controls - S&P Global
Photo by Meriç Dağlı / Unsplash

Turkey may follow Russia's path to regulate the exchange rate. Due to high inflation, the lira is trading at around 17 per dollar, an all-time high.

The value of default swaps on Turkish debt is four times higher than Brazil's, reflecting uncertainty among investors and economists about Turkey's future.