Turkish lira caps historic week with big lift from Erdogan government
The currency had plunged on Monday to an all-time low of 18.4 to the dollar, after a months-long slide due to unorthodox interest rate cuts and fears of an inflationary spiral.
A money changer holds Turkish lira banknotes at a currency exchange office in Ankara, Turkey October 12, 2021. (photo credit: REUTERS/CAGLA GURDOGAN)ByREUTERS
