Turkish lira drops 17% as central bank boss sacked
The Turkish lira collapsed more than 17% Monday after President Recep Tayyip Erdogan sacked the country’s market-friendly central bank chief.
The currency fell to as low as 8.47 per US dollar in early trade Monday, having closed at 7.22 at the end of last week, after Naci Agbal was replaced by former ruling party lawmaker Sahap Kavcioglu at the weekend.……
Turkey News International
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