Turkey's lira sinks to near record low as Erdogan is reelected

Turkey's lira sinks to near record low as Erdogan is reelected

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The Turkish lira sank Monday as incumbent Recep Tayyip Erdogan secured his victory in the 2023 presidential election, extending his rule into a third decade in power. The currency was trading at 19.97 against the greenback as of Monday 4 a.m. London time after slipping to 20 to the dollar earlier…

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