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Turkey currency crisis: Strategists see four ways out

Turkey’s options seem limited and urgent action is required, market participants say

Turkish President Recep Tayyip Erdogan
Turkish President Recep Tayyip Erdogan Photo: Getty Images

As international investors punish Turkey’s lira, the country has to consider its options to stop this currency crisis in its tracks.

So far this year, the lira has fallen more than 80%, suffering a slump of 16% on Friday alone. The dramatic sell-off weighed on global marketsand has shone a light Turkey’s mounting foreign currency-denominated debt burden, high inflation and unorthodox policies, all of which have dragged on the lira.

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