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The Turkish Lira Is Getting Destroyed

From businessinsider.com

Almost everywhere all around the world markets are quiet. There's one exception: Turkey. The Erdogan government is facing a massive corruption crisis, and the Turkish Lira is getting crushed. Here's a look at the dollar vs. the Lira over the last week. You can see the big spike today in the dollar relative to the Lira, as investors are dumping lira the moment they wake up. In the world of currencies this is a major collapse. (full story)

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