A money changer counts Turkish lira bills at a currency exchange office in central Istanbul January 29, 2014. Turkish Finance Minister Mehmet Simsek played down the impact on growth of a sharp hike in interest rates on Wednesday, saying the economy would have suffered greater damage from a loss of faith in the central bank. The bank raised all its key interest rates in dramatic fashion at an emergency policy meeting late on Tuesday, ignoring opposition from Prime Minister Tayyip Erdogan as it battles to def

How will Turkey explain $4.3 billion in unidentified foreign currency?

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A money changer counts Turkish lira bills at a currency exchange office in central Istanbul January 29, 2014. Turkish Finance Minister Mehmet Simsek played down the impact on growth of a sharp hike in interest rates on Wednesday, saying the economy would have suffered greater damage from a loss of faith in the central bank. The bank raised all its key interest rates in dramatic fashion at an emergency policy meeting late on Tuesday, ignoring opposition from Prime Minister Tayyip Erdogan as it battles to def

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