George Soros

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.

Turkish President Recep Tayyip Erdogan listens to Russian President Vladimir Putin during their meeting in the Bocharov Ruchei residence in the Black Sea resort of Sochi, Russia, Wednesday, Sept. 29, 2021. (Vladimir Smirnov, Sputnik, Kremlin Pool Photo via AP)