Turkish lira plummets amid political turmoil

Turkish lira plummets amid political turmoil
© Photo: Maria Novoselova / Vestnik Kavkaza

The Turkish lira weakened sharply to a record low against the U.S. dollar after Ekrem Imamoglu, the main opposition challenger to Turkish President Recep Tayyip Erdogan was arrested.

The Turkish lira plunged as much as 12% to 41 per dollar before paring some losses and settling above 39 per dollar, still marking a fresh record low.

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