Oneconcerns theeconomy. Mr Erdogan's claims that the globalmeltdownhad notaffectedTurkeyangeredvoters, whofacerisingunemployment (13.6% in December), shrinkingGDPanda tumblinglira.
Turkey provided its commercial banks the option of meeting a portion of their Turkish lira reserve requirements with alternatives, said Erica Rannestad, commodity analyst with CPM Group.