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Why this ‘fragile five’ currency is at record lows

Posted on 03 January 2014

Turkey’s currency has plunged to its lowest point against the dollar for more than three decades this week. In the short term, the lira’s fall can be laid at the feet of political turbulence following a corruption probe which has led to three ministers resigning and even rumors Prime Minister Recep Erdogan may be next to leave.
Subsequent tax and price increases have led to fears thatinflation will rise rapidly in Turkey………………………………………..Full Article: Source


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