WORLD Turkey's lira tumbles after dismissal of central bank head

WORLD

Turkey's lira tumbles after dismissal of central bank head

Xinhua

07:43, March 23, 2021

Pedestrians walk past a currency exchange in Istanbul, Turkey, on March 22, 2021. Turkey's currency plunged around 11 percent on Monday after Turkish President Recep Tayyip Erdogan fired the central bank governor and appointed a critic of high interest rates, a move sparking turbulence in markets. Turkish lira was fluctuating at 8.02 against the U.S. dollar in Monday's morning trading, a sharp decline from Friday's closing level of 7.22, while the Turkish currency was also down 11 percent against the euro. (Photo by Osman Orsal/Xinhua)

A currency exchange's electronic screen shows foreign exchange rates in Istanbul, Turkey, on March 22, 2021. Turkey's currency plunged around 11 percent on Monday after Turkish President Recep Tayyip Erdogan fired the central bank governor and appointed a critic of high interest rates, a move sparking turbulence in markets. Turkish lira was fluctuating at 8.02 against the U.S. dollar in Monday's morning trading, a sharp decline from Friday's closing level of 7.22, while the Turkish currency was also down 11 percent against the euro. (Photo by Osman Orsal/Xinhua)

A currency exchange's electronic screen shows foreign exchange rates in Istanbul, Turkey, on March 22, 2021. Turkey's currency plunged around 11 percent on Monday after Turkish President Recep Tayyip Erdogan fired the central bank governor and appointed a critic of high interest rates, a move sparking turbulence in markets. Turkish lira was fluctuating at 8.02 against the U.S. dollar in Monday's morning trading, a sharp decline from Friday's closing level of 7.22, while the Turkish currency was also down 11 percent against the euro. (Photo by Osman Orsal/Xinhua)

A currency exchange's electronic screen shows foreign exchange rates in Istanbul, Turkey, on March 22, 2021. Turkey's currency plunged around 11 percent on Monday after Turkish President Recep Tayyip Erdogan fired the central bank governor and appointed a critic of high interest rates, a move sparking turbulence in markets. Turkish lira was fluctuating at 8.02 against the U.S. dollar in Monday's morning trading, a sharp decline from Friday's closing level of 7.22, while the Turkish currency was also down 11 percent against the euro. (Photo by Osman Orsal/Xinhua)

A currency exchange's electronic screen shows foreign exchange rates in Istanbul, Turkey, on March 22, 2021. Turkey's currency plunged around 11 percent on Monday after Turkish President Recep Tayyip Erdogan fired the central bank governor and appointed a critic of high interest rates, a move sparking turbulence in markets. Turkish lira was fluctuating at 8.02 against the U.S. dollar in Monday's morning trading, a sharp decline from Friday's closing level of 7.22, while the Turkish currency was also down 11 percent against the euro. (Photo by Osman Orsal/Xinhua)

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