Pressure on Turkey’s Economy Builds as Lira Nears Record Low
Turkey’s central bank has run short of foreign-currency reserves and turned to the U.S. for possible help, but analysts say Washington is unlikely to oblige
By Caitlin Ostroff and David Gauthier-Villars
The Turkish lira slid to its lowest level in two years Wednesday as investors speculated that its central bank would struggle to stem the currency’s decline amid the coronavirus economic crunch.
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