Turkish lira plunges nearly 15% after central bank boss sacked


The Turkish lira collapsed nearly 15% today after President Recep Tayyip Erdogan sacked the country’s market-friendly central bank chief. – EPA pic, March 22, 2021.

THE Turkish lira collapsed nearly 15% today after President Recep Tayyip Erdogan sacked the country’s market-friendly central bank chief.

The currency fell to as low as 8.47 per US dollar in early trade today, having closed at 7.22 at the end of last week, after Naci Agbal was replaced by former ruling party lawmaker Sahap Kavcioglu at the weekend. 


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