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Thursday, November 01, 2012

Turkey’s Erdogan Hints at ‘Lira Zone’

Turkey’s Erdogan Hints at ‘Lira Zone’

By Ayla Albayrak and Joe Parkinson

ISTANBUL—For decades, the Turkish lira was infamous for volatility and hyperinflation: Turks would regularly spend millions on staples like bread, milk and cheese.

More:Turkey’s Erdogan Hints at ‘Lira Zone’ - Emerging Europe Real Time - WSJ