Turkey is in the throes of a power consolidations worthy of Russia’s Putin governing style: Absolute, vicious and ham fisted. A country’s currency is a proxy for the performance and management of the trading zone/country itself. Much as a share of stock is for a corporation. And thus, the market doesn’t like what it sees in Turkey. The Lira has fallen consistently from 2009 until today by a whopping 238 per cent. The markets are directly reflective of sentiment toward an asset and its fundamental characteristics. Where those fundamentals, in the case of a currency as opposed to a stock or commodity, are political, the sentiment about the politics of the nation, expressed as willingness to own its currency, is indefatigable. USD TRY UP.