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Home / Business / The Turkish lira is sinking so fast it risks ‘smashing into the ground’ — and people are worried about European contagion

The Turkish lira is sinking so fast it risks ‘smashing into the ground’ — and people are worried about European contagion

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The Turkish lira has plunged more than 35% against the US dollar since the start of the year. Concerns are mounting that the decline will start to hit European banks, even as the Turkish government promises to stabilise the economy.
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