#Turkishliraplunges#
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Turkey’s currency tumbled 7.5% on Monday, in its biggest single-day selloff since 2018, after the abrupt ouster of the central-bank governor last week.
Turkish lira crashes as much as 14% after the firing of the head of the central bank sparks market turmoil
A foreign exchange office in Istanbul, Turkey. NurPhoto/Getty Images Turkish President Recep Tayyip Erdogan fired the head of the central bank after he raised interest rates last week. The lira fell by as much as 14% against the dollar as foreign investors fled Turkish assets The government says it
Turkish lira plunges to near record lows on cenbank chief's sacking
ISTANBUL (Reuters) - Turkey’s lira slid 15% to a near all-time low on Monday after President Tayyip Erdogan’s shock weekend ousting of a hawkish central bank governor sparked fears of a reversal of recent rate hikes, before clawing back some overnight losses. The appointment of Sahap Kavcioglu, a fo
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