Lira’s New Low Underscores Central Bank’s Credibility Test
A currency exchange worker counts up Turkish lira banknotes in Istanbul, Turkey. (Photographer: Nicole Tung/Bloomberg)

Lira’s New Low Underscores Central Bank’s Credibility Test

(Bloomberg) -- The lira’s latest swoon is offering the clearest evidence yet that the Turkish central bank last week missed an opportunity to restore its credibility in the eyes of traders.
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