Tag Archives: Central bank intervention

Turkish lira sinks after Erdogan head of central-bank

Following the sudden ouster of the central-bank governor last week, Turkey’s currency fell nearly 8% on Monday, setting the course for its biggest single-day selloff since 2018. According to Factset, the lira touched a low of 2 8,280 compared to 2 7,219. Turkish stock also sank. The uproar erupted after …

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