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Turkey’s troubled lira rallies after shock ‘indirect’ rate hike
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Turkish lira crisis turns political with lawsuit threat

5 years ago

A bystander looks at shops in Eminonu bazaar district of Istanbul, on December 21, 2021. - Turkey's beleaguered lira strengthened Tuesday, after a wild start to the week saw its value swing by 30 percentage points in response to President Recep Tayyip Erdogan's emergency economic support measures. The mercurial Turkish leader stunned markets and his political opponents Monday by effectively tying the value of some lira bank deposits to the dollar. (Photo by Ozan KOSE / AFP)

Turkey's currency crisis turned increasingly political on Thursday after a top minister urged citizens to sue economists who commented on social media about the lira's slide.

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