Turkish lira charges back after Erdogan's anti-dollarization plan
Before the announcement, the lira was down more than 10% at an all-time low of 18.4 against the US dollar. Afterward it shot back to as far as 12 and ended the day up 25%.
A US one dollar banknote is seen next to Turkish lira banknotes in this illustration taken in Istanbul, Turkey November 23, 2021.(photo credit: REUTERS/MURAD SEZER/ILLUSTRATION/FILE PHOTO)ByREUTERSUpdated:
