Erdogan's election victory causes Turkish lira to plummet.
TL;DR
Turkey's lira slipped towards a fresh record low against the dollar as President Tayyip Erdogan claimed victory in the country's presidential election on Sunday. The lira has lost more than 90% of its value over the past decade with the economy in the grip of boom and bust cycles, rampant bouts of inflation and a currency crisis.
- Turkish lira slips as Erdogan claims victory The Jerusalem Post
- Turkey's lira sinks to near record low as Erdogan is reelected CNBC
- Turkish lira slips as Erdogan secures victory Reuters
- Turkish Lira (TRY USD) May Slide 29% After President Erdogan Election Victory Bloomberg
- We have a pessimistic outlook on the Turkish lira, strategist says CNBC International TV
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