Turkish lira continues to slide after interest rate cut

Turkish lira continues to slide after interest rate cut Oct. 22, 2021 Updated: Oct. 22, 2021 7:45 a.m. ANKARA, Turkey (AP) — The Turkish lira continued to slide and reached a record low against the U.S. dollar Friday, a day after the Central Bank sharply cut interest rates. It was another hit after a global financial watchdog placed Turkey on a list of countries to monitor for money laundering and terrorism financing. More:Turkish lira continues to slide after interest rate cut