Turkey Intervenes to Halt Lira Slide
Central Bank Takes First Action in Two Years After Currency Hits Record Lows Against Dollar and Euro
By
Emre Peker,
Yeliz Candemir and
Kerim Karakaya
Updated Jan. 23, 2014 8:45 a.m. ET
ISTANBUL—Turkey's central bank intervened directly in the currencies markets Thursday for the first time in two years in an effort to slow the lira's free fall.
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