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The Turkish Lira Down About 2% With The Return of Concerns About The Central Bank

Adel 26 March, 2021 4:16 pm Forex Market, Market Update

The Turkish lira fell to 8.09 against the dollar on Friday as investors remain concerned about the sudden dismissal by President Recep Tayyip Erdogan of the central bank governor and his replacement with another supporter of tightening monetary policy.

The pound fell by up to 1.9% against the US currency and stood at 8.05, falling from a close of 7.9350 on Thursday. The currency has lost more than 10% of its value since the end of last week.

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