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Turkish lira crashes as Trump doubles metal tariffs

SBS Friday, 10 August 2018
The embattled Turkish lira tumbled over 16 per cent to new record lows against the dollar on Friday as strains with the United States intensified.
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News video: Turkish Lira Falls Against US Dollar

▶ Turkish Lira Falls Against US Dollar 00:49

According to Reuters, the Turkish lira is dropping after US President Donald Trump announced new tariffs on imports from Turkey. Turkish President Tayyip Erdogan has been imploring citizens to exchange gold and US dollars for lira, after the country's currency fell more than 18-percent against the US...

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