An emloyee holds a wad of 200 Turkish lira banknotes in a currency exchange in Istanbul, Turkey. (Photographer: Kostas Tsironis/Bloomberg)

Lira Falls to Record Low as Turkey Grapples to Stem Market Rout

(Bloomberg) -- The Turkish lira sank to a record low as concern about souring relations with the U.S. and runaway inflation outweighed the nation’s plans to stem a market rout.

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