Turkish lira falls some 1%, extending losses after cenbank overhaul

Turkey’s lira lost more than 1% of its value on Monday, continuing its sharp decline since President Tayyip Erdogan replaced the central bank governor this month, leading to expectations of loose policy.

The lira stood at 8.14 against the dollar at 0818 GMT, down from 8.0775 at Friday’s close. Earlier, it weakened more than 1% to 8.1700.


Stocks and forex ride out Turkey shock

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