Business & Economy

The greatest decline of the Turkish lira in its history

The Turkish lira fell to an all-time low against the US dollar on Wednesday, continuing its decline, after the central bank announced a sudden interest rate cut.
The Turkish lira plunged below its previous record level of 8.9995 to the dollar set on Friday, recording its losses this year by more than 16 percent.
The Turkish currency has also lost more than two-thirds of its value in five years.

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