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Turkish lira declines to record lows following start of Erdogan's new presidential term

Por: ABC News World June 07, 2023

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ANKARA, Turkey -- The Turkish lira tumbled to a fresh record low Wednesday, extending its slide against the U.S. dollar since President Recep Tayyip Erdogan started his third term.The lira weakened by more than 6% on Wednesday hitting 23.15 against the dollar. The decline took the currency's loss since the appointment of Erdogan's new government to 8%. The currency has weakened by around 20% since the start of the year.The Turkish... + full article



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