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Thu September 19, 2013
Turkey's Lira Falls To Its Lowest Value In Years
Originally published on Thu September 19, 2013 7:07 pm
Potential changes in economic policy from Washington have sent tremors throughout emerging economies. In Turkey, where growth in recent years has put Eurozone economies to shame, the signs are troubling: The Turkish lira has fallen to its lowest value in years and private sector debt is soaring. Economists say continued liquidity and foreign investment remains crucial if Turkey is to avoid a hard landing.