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Monday, January 20, 2014

Turkish lira tumbles to series of record lows - FT.com

Turkish lira tumbles to series of record lows

By Delphine Strauss

Turkey’s central bank is under fire. For months, it has struggled to contain the fallout of the US Federal Reserve’s plan to withdraw its stimulus. Since December, it has also had to contend with political turmoil, as a corruption probe pits the country’s government against its institutions – wreaking havoc on markets.

More:Turkish lira tumbles to series of record lows - FT.com