Turkish lira declines to record lows following start of Erdogan's new presidential term

Turkish lira declines to record lows following start of Erdogan's new presidential term

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ANKARA, Turkey -- The Turkish lira tumbled to a fresh record low Wednesday, extending its slide against the U.S. dollar since President Recep Tayyip Erdogan started his third term. The lira weakened by more than 6% on Wednesday hitting 23.15 against the dollar. The decline took the currency's loss…

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