The Turkish lira tanks after reports of a coup in Istanbul — Quartz

The Turkish lira fell sharply Friday (July 15) after reports of a coup emerged in the late afternoon. The currency’s fall of more than 4% in a market—where a 1% move is considered major—will put additional pressure on Turkey’s persistently high inflation. On the other hand, additional weakness won’t be unwelcome to Turkey’s exporters, who…

via The Turkish lira tanks after reports of a coup in Istanbul — Quartz

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