Turkey lira at new lows despite central bank action | Bangkok Post: news

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Turkey lira at new lows despite central bank action

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The Turkish lira broke through the key barrier of 2.3 to the dollar on Friday despite massive central bank intervention on foreign exchange markets the day before. 

A woman counts Turkish lira banknotes at a currency exchange office in Istanbul on January 23, 2014

The currency sank to 2.3084 against the greenback before recovering slightly to 2.3054 and hit 3.1561 to the euro before clambering back to 3.1502.

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