Lira Sinks to 17 Per Dollar as Erdogan Rate Talk Fuels Forex Demand

Lira Sinks to 17 Per Dollar as Erdogan Rate Talk Fuels Forex Demand Kerim Karakaya Wed, June 8, 2022, 1:05 AM·2 min read (Bloomberg) -- Turkey’s lira tumbled beyond 17 per dollar for the first time since December amid a rush for foreign currency that was sparked this week after President Recep Tayyip Erdogan ruled out higher rates despite soaring inflation. More:Lira Sinks to 17 Per Dollar as Erdogan Rate Talk Fuels Forex Demand