Turkish lira plummets to new low

Updated December 13 2021 - 6:51pm, first published 6:47pm
The Turkish lira crashed 7 per cent amid worries over President Tayyip Erdogan's economic policy.
The Turkish lira crashed 7 per cent amid worries over President Tayyip Erdogan's economic policy.

The Turkish lira has crashed as much as 7 per cent in just a few minutes to a new record near 15 to the dollar, gripped by worries over President Tayyip Erdogan's risky new economic policy and prospects of another interest rate cut.

Subscribe now for unlimited access.

$0/

(min cost $0)

or signup to continue reading

See subscription options

Get the latest Canberra news in your inbox

Sign up for our newsletter to stay up to date.

We care about the protection of your data. Read our Privacy Policy.