Turkish Lira Hits Record Low After Erdogan Seeks Expulsions
The currency had already hit record lows last week after the Turkish central bank (CBRT) cut its policy rate by 200 basis points, despite rising inflation, in a shock move derided as reckless by economists and opposition lawmakers. The lira hit an all-time low of 9.75 by 1840 GMT on Sunday, weakening from Friday’s close …
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