Lira slide provokes backlash against opposition victory in Istanbul’s elections

Lira slide provokes backlash against opposition victory in Istanbul’s elections

The Turkish lira falls by 1 percent on Thursday as fears concerning the central bank’s foreign-currency reserves reemerged, undermining gains a day earlier after Turkey’s main opposition candidate took office as Istanbul mayor. The lira slipped as far as 5.8226 against the dollar and stood at 5.8159 at 0726 GMT. The currency tumbled nearly 30...

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