Turks Abandon the Lira for Dollars as Currency Disaster Deepens

Turks Abandon the Lira for Dollars as Currency Disaster Deepens

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ISTANBUL—A currency crisis here is battering Turks’ self assurance in their executive’s ability to put together the financial system, inflicting droves of folks to steal U.S. greenbacks and sending crowds of folks into the streets to oppose President Recep Tayyip Erdogan’s insurance policies.

Insurrection police lined the streets in components of Istanbul as the nation braced for a Third evening of scattered protests over Mr. Erdogan’s lack of ability to stay a precipitous drop in the Turkish lira. The lira’s depreciation has undermined virtually Two decades of financial positive aspects that had lent Turks a sense that they had been ascending into the world’s membership of top economies.

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