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Lira Tumbles To New Record Low As Critics Blast Erdogan's Ambassador Expulsion Scandal
Following Erdogan's Friday tirade, lashing out at Western countries for issuing a joint letter demanding the immediate release of jailed Turkish billionaire philanthropist businessman and opposition politician Osman Kavala, which was followed by the president's threat that he had ordered ten ambassadors - including the US - to be deemed 'persona non grata' by Turkey's government, the Turkish lira weakened to another record low against the dollar after electronic trading reopened early in the Asian session. Around 4pm ET Sunday afternoon, the lira tumbled 1.6% to a new record low against the dollar of 9.73 at the ... (full story)
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