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Turkish Lira Hits Record Low After Erdogan Seeks Mass Expulsion of Western Envoys

The Turkish lira fell 1.6  percent to a record low against the dollar on Monday, causing fresh anxiety for nervous investors. The Turkish currency hit a few record lows last week, but plunged again to an all-time rock bottom after President Recep Tayyip Erdogan declared his intention to expel the ambassadors of the United States, France, Germany, and seven other Western nations.

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