Turkey’s Lira Hits Another Record Low Over US Sanction Threats And Turkey's Many Disputes With Europe

Turkey's lira has lost roughly 27 percent of its value against the United States dollar this year [File: Kerem Uzel/Bloomberg] 

Al Jazeera: Turkey’s lira hits another record low as geopolitical risks mount 

Intensifying rancor between Ankara and its western allies – and the Turkish central bank’s decision to not raise interest rates – are souring investor sentiment. 

Another day, another inauspicious record for Turkey’s embattled currency. 

Turkey’s lira weakened further against the United States dollar on Tuesday, hitting a new record low as rancor between Ankara and its western allies intensifies and investor sentiment continues to sour after the central bank decided not to raise borrowing costs last week. 

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WNU Editor: Five years ago it took 3 liras to buy a US dollar. Today it takes 8 liras to buy the same dollar. When Erdogan was elected as Prime Minister in 2003 it took 1.2 liras to buy one US dollar.

 More News On Turkey's Lira Hitting Another Record Low 

Turkish lira drops to record low over US sanction threat -- AP 

Turkish lira sinks amid Erdogan fury with allies -- BBC 

‘Pain Threshold’ Nears for Lira as Erdogan Dials Up Rhetoric -- Bloomberg 

Turkish lira extends record low in longest sell-off since 1999 -- Ahval