The currency had plunged on Monday to an all-time low of 18.4 to the dollar, after a months-long slide due to unorthodox interest rate cuts and fears of an inflationary spiral.
By Nevzat Devranoglu and Jonathan Spicer ANKARA (Reuters) - Turkey's lira was on track for its strongest week on record on Friday, having spiked 44% w.
Turkey's lira was on track for its strongest week on record on Friday, having spiked more than 50% with the support of billions of dollars of state-backed market interventions and a promise that the government would cover FX losses on certain deposits
Turkey s lira was on track for its strongest week on record on Friday, having spiked 44% with the support of billions of dollars of state-backed market interventions and a promise that the.