Turkey faces threat of financial crisis after lira plunges against dollar
by Larry Elliott Economics editor from World news | The Guardian on (#5SZZB)
Central bank forced to defend currency as traders respond to interest rate cut with sharp selloff
Fears that Turkey is on course for a full-scale financial crisis have intensified after the lira plunged to fresh lows against the US dollar.
Turkey's central bank was forced to step in to defend the ailing currency - selling US dollars for lira - after the latest sharp selloff.
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