Turkey central bank intervenes after lira hits new low
By Tanya Willmer and Fulya Ozerkan in Ankara (AFP) – 5 hours ago
Istanbul — The Turkish central bank intervened directly in foreign exchange markets for the first time in two years on Thursday, with "aggressive" dollar sales to prop up the ailing local currency.
The lira has been tumbling to record lows almost daily this year, pummelled by an escalating political crisis and concerns about the economy.
More:AFP: Turkey central bank intervenes after lira hits new low