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Turkey lira meltdown LIVE: Trump attacks Erdogan as panic sparks global sell-off CONTAGION

Express.co.uk
Turkey lira meltdown LIVE: Trump attacks Erdogan as panic sparks global sell-off CONTAGION

This was a weakening further from Thursday’s 5.55. The decline comes amid Turkey’s rift with the US. They have been at loggerheads over the detention of US evangelic pastor Andrew Brunson on terrorism charges. Turkish Finance Minister Berat Albayrak has defended Turkey’s situation in a speech in which he promised to “transform” Turkey’s economy. He also said monetary and fiscal policies are now under the same leadership, resulting in a more "efficient and powerful" ministry. Turkish president Recep Tayyip Erdoğan tried to downplay concerns of the economy and told Turks “not to worry”. Follow the Express.co.uk blog below for live updates: The lira stood 5.75 against the dollar on Friday morning