Turkey Maneuvers to Escape Its Dollar Trap

Turkish companies are heeding the call of President Recep Tayyip Erdogan to shift away from the U.S. dollar to the lira. So far, the conversion appears to be working. But it's another Erdogan idea, to band with Russia, China and Iran to eschew the dollar for transactions conducted in the local currencies, that could be a path to dampen the dollar's supremacy....