The Turkish lira plunges to its lowest level on record after central bank hikes interest rates by 650 basis points in inflation fight

The Turkish lira plunges to its lowest level on record after central bank hikes interest rates by 650 basis points in inflation fight

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A customer holds Turkish lira banknotes outside a currency changer on a street in Istanbul on September 6, 2022. Photo by YASIN AKGUL/AFP via Getty Images The Turkish lira plunged to a record low against the US dollar on Thursday as the country seeks to tame inflation. Turkey's central bank hiked…

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