ANKARA, Turkey (AP) Turkey’s currency weakened nearly 10% against the US dollar on Tuesday, a day after President Recep Tayyip Erdogan insisted there would be no turning back in back of its unconventional policy of cutting interest rates despite high inflation.
The lira dipped to a record low of 13.44 against the dollar before recovering some of its losses. It was trading at 12.51 against the dollar late in the afternoon, down 9.9% from Monday’s close. The currency was trading at 14.08 against the euro. The pound has lost about 40% of its value since the start of the year.
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What Are The Main Benefits Of Comparing Car Insurance Quotes Online
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