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https://www.bloomberg.com/news/articles/2023-06-07/lira-drop-accelerates-amid-signs-of-government-s-loosening-grip
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Lira (TRY/USD) Hits Record Low Against Dollar On Signs of Loosening Grip - Bloomberg
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6/7/23 at 11:22am
Organization
Bloomberg
Authors
Tugce Ozsoy
Kerim Karakaya
Beril Akman
Details
53 words
Summarize
Business & Industrial
Currencies & Foreign Exchange
Dollar On Signs of Loosening Grip
Lira
dollar sales
intervention strategy
Turkey
Bloomberg
Turkey’s lira plunged to a record low as state-run lenders temporarily halted dollar sales, in a sign the new economic team is abandoning a costly intervention strategy as part of an expected turn toward more conventional policies.
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