Why the Lira’s in Trouble: 2017’s Worst Performer in Charts
- Currency extends 2016’s 17 percent loss with new-year plunge
- Inflation, central bank inertia, terror attacks causing pain
Lira Replaces Rand as World's Most Volatile Currency
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Thought the lira was due a breather after last year’s eye-watering losses? Think again.
Turkey’s political quagmire has been exacerbated by central bank inaction and higher-than-expected inflation to make the lira the worst-performing currency of 2017.