Turkish Lira Plunges to Record Low Amid Arrest of Istanbul Mayor
Turkey’s lira has tumbled to a record low, with the currency falling 12.7% earlier in the day and then recouping most of its losses by closing at 37.665 per dollar, a 2.6% decline. The move comes after Istanbul mayor Ekrem Imamoglu was arrested on charges, which opposition leaders have described as a “coup attempt”. Analysts … Read more