Turkish lira falls to record low against US dollar

ISTANBUL - Turkey's lira briefly fell to a record low against the US dollar on Thursday as investors fretted about depleted currency reserves and the need for foreign financing as the coronavirus pandemic drains the economy. Thursday's fall to near 7.27 pushed it beyond the record low hit during a 2018 currency crisis and extended five sessions of declines as the country sought to mitigate the economic impact of the outbreak, which has killed 3,584 people in Turkey. It later recovered ground after the banking watchdog announced a ban on lira transactions by BNP Paribas, Citibank and UBS, saying the banks were unable to fulfil...