Lira hits record low as Turkey prepares for new cabinet
In its third successive day of losses, the lira TRYTOM=D3 weakened nearly 1.6% to a record low of 20.75 against the US currency, taking its losses this year to nearly 10%.
A board showing foreign currency exchange rates against Turkish lira is on display at a currency exchange office in Istanbul, Turkey April 11, 2018.(photo credit: MURAD SEZER/REUTERS)ByREUTERS