Turkey lira slumps to record lows over US sanctions in pastor case, Ankara vows to respond
The lira lost over 1.6 percent of its value against the dollar following Washington’s move
US hit Turkey’s justice and interior ministers with sanctions over the case of an American pastor on trial for terror-related charges
ANKARA: The Turkish lira on Wednesday slumped to record lows of 5.0 against the dollar as the US hit Turkey’s justice and interior ministers with sanctions over the case of an American pastor on trial for terror-related charges.
Read more at: http://www.arabnews.com/node/1349706/middle-east
Quite a conundrum and losing 1.6 percent may not sound like a lot but I'm sure in the big picture it adds up to quite a sum and this is just the beginning.
