Lira

Turkish stocks extended their losses following Friday’s rout, prompting a fresh automatic trading halt after the lira slid to a record low. The Borsa Istanbul 100 Index tumbled 5%, after climbing as much as 3.1% earlier. Trading was set…

The Turkish lira has slashed to its all-time lowest rate, reaching 10 liras against USD, and analyzes indicate that the lira actually lost two-thirds of its value in five years, which significantly reduced the income of citizens, in…