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Monday, March 23, 2020

UPDATE 4-Turkish lira down 10% since start of year as slump fears grow - Reuters

Turkish lira down 10% since start of year as slump fears grow
Can Sezer, Nevzat Devranoglu

(Adds postponement of VAT payments, Grand Bazaar closure)

By Can Sezer and Nevzat Devranoglu

ISTANBUL, March 23 (Reuters) - The Turkish lira slipped 0.8% on Monday to its lowest level since September 2018, as a surge in domestic coronavirus cases set the stage for a potentially sharp economic slowdown spanning tourism, manufacturing and the vast services sector.

More:UPDATE 4-Turkish lira down 10% since start of year as slump fears grow - Reuters