Turkey's Lira Has Another Major Drop

  • 6 years ago
Evan Vucci/AP The lira fell 3.5% early Monday. It has shed nearly a third of its value this month. Turkey's currency fell sharply Monday as the country resumed trading after a weeklong holiday. President Donald Trump doubled existing tariff rates on Turkish aluminum to 20% and on Turkish steel to 50% earlier this month after the two countries failed to make progress on a conflict over the imprisonment of Andrew Brunson, an evangelical pastor who has been detained in Turkey for nearly two years.

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