Turkey Financial Crisis: Stocks at Record Low as Lira Plunges Again

Turkey Financial Crisis: Stocks at Record Low as Lira Plunges Again
A money changer counts Turkish lira banknotes at a currency exchange office in Istanbul, Turkey on Aug. 2, 2018. Reuters/Murad Sezer/File Photo
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Turkey’s currency crisis sent world markets reeling, as investors in emerging markets sought safety in government bonds and the dollar.

It follows the lira’s record plunge of up to 18 percent on Aug. 10, which forced Turkey’s finance minister to announce an economic action plan in a bid to ease nerves.
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