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12/24/21

Turkey: Lira rallies late after Erdogan props up currency - by Tuvan Gumrukcu and Ece Toksabay

Turkey's lira ended the session up over 20% on Monday after President Tayyip Erdogan introduced a series of steps that he said will ease the burden of the weakened currency on Turks, while vowing to press on with a low-rates policy that led to the lira's slide in the first place.

Read more at: Lira rallies late after Erdogan props up currency | Reuters

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