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Friday, January 24, 2014

Turkey central bank intervenes after lira hits new low

Turkey central bank intervenes after lira hits new low

By Tanya Willmer and Fulya Ozerkan in Ankara (AFP)
Jan 23, 2014 - yesterday in Business

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.

More:Turkey central bank intervenes after lira hits new low