Turkey's lira plunges 7.6% to record low

YEREVAN, JUNE 8, ARMENPRESS. Turkey's lira plunged 7.6% to a record low on Wednesday in its biggest selloff since the historic 2021 crash, Reuters reports.

Traders called it a "strong signal" that Ankara is moving away from state controls toward a freely traded currency.

The lira was trading at 23.2300 against the dollar at 1739 GMT, after touching a record low of 23.2620, bringing losses this year to nearly 20%. Turkish media then reported that the lira was trading at 23,31.