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Turkish lira hits 14 to USD in face of Erdogan's 'dangerous experiment'

01/12/2021 08:34

Turkey's lira plunged as low as 14 to the U.S. dollar and hit new lows against the euro on Tuesday, capping a historical month of selling after President Tayyip Erdogan again endorsed aggressive interest rate cuts despite widespread criticism and soaring inflation.

Source: Reuters