Turkish lira continues to slide after interest rate cut
Oct. 22, 2021
Updated: Oct. 22, 2021 7:45 a.m.
ANKARA, Turkey (AP) — The Turkish lira continued to slide and reached a record low against the U.S. dollar Friday, a day after the Central Bank sharply cut interest rates. It was another hit after a global financial watchdog placed Turkey on a list of countries to monitor for money laundering and terrorism financing.
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Turkish lira continues to slide after interest rate cut