Turkish lira slides after Erdogan doubles down on rates policy - CNBC
The lira's spiral has been staggering — it plummeted from roughly 8.5 to the dollar in late August to more than 13 to the dollar within a mere three months.
The Turkish lira slid to a near record low on Tuesday after fresh statements from Turkish President Recep Tayyip Erdogan opposing any interest rate increases.
The currency hit a low of 13.24 to the … [+3183 chars]
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