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