What Market Players Are Saying About the Turkish Lira's Freefall

Turkish markets are under siege as traders pounce on a currency open to attack by a paralyzed central bank.

The lira has fallen off a cliff since President Recep Tayyip Erdogan said he would take more control of monetary policy if he wins the June 24 election. Without urgent redress from Governor Murat Cetinkaya, a full-blown currency and economic crisis looms, according to investors and strategists.