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Friday, May 01, 2020

bne IntelliNews - TURKEY INSIGHT: The lira’s past 7. Now don’t be a tough guy Erdogan, don’t be a fool!

TURKEY INSIGHT: The lira’s past 7. Now don’t be a tough guy Erdogan, don’t be a fool!

By Akin Nazli in Belgrade May 1, 2020
So, here we are again—past seven. It’s taken 21 months but the Turkish lira has again weakened through the psychologically important 7.00-to-the-dollar level not seen since Turkey’s August 2018 currency crisis, which brought an all-time nadir of 7.23.

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