Turkey lira crashes amid ‘economic war’

The embattled Turkish lira tumbled over 16 per cent to new record lows against the dollar as strains with the United States intensified, but president Recep Tayyip Erdogan defiantly proclaimed Turkey would emerge victorious in an “economic war”.

 

Compounding the lira’s agony, president Donald Trump said Friday he had doubled steel and aluminium tariffs on Turkey,... Details...

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By: Prothom Alo - Saturday, 11 August

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