Why Turkey's currency is plunging and what it means
ISTANBUL — Turkey’s currency and stock market kept on falling Monday, weighed down by investor fears about the country’s economic policies and worsening relations with the United States.
The lira fell as low as 6.89 to the dollar Monday, down about 7 percent on the day and 45 percent since the start of the year. The main stock index fell 3.5 percent.
Here is a look at some of the reasons behind the plunge and how it might affect the rest of the world.
Q: WHY IS TURKEY’S CURRENCY SO WEAK?
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Turkey tries to contain crisis but currency keeps falling