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Turkish Lira Hits New Low Point, Plunging 5.6%

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The Turkish lira dipped another 5.6%, hitting record lows against the US dollar on Thursday after the country’s central bank slashed its policy rate in line according to the unorthodox economic scheme created by President Tayyip Erdogan. The currency hit a low of 15.689 after the bank’s decision, before rebounding somewhat, limiting losses to 15.58 […]

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