Turkey′s currency plunges to new low | Business| Economy and finance news from a German perspective | DW | 10.08.2018
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Turkey's currency plunges to new low

The Turkish lira has hit its lowest level against the dollar since 2001. Turkey’s central bank’s independence has been called into question. The bank has kept interest rates at low levels despite skyrocketing inflation. Now with the Turkish Lira slumping to historic levels and the US announcing new sanctions, the outlook for the Turkish economy couldn't be gloomier.

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