Sacking the Country’s Central Bank Governor Triggers Turkey’s currency Plummet

Turkey’s lira recovered partially to 7.8 against the US dollar after Turkey’s currency tumbled as much as 17% after President Recep Tayyip Erdogan sacked the country’s central bank governor Naji Iqbal. Owners of Money exchange shops illustrated that dismissing the governor triggered fears that the bank won’t increase the interest rates, which is s a major blow to investor confidence in the central bank