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Lira hits all-time low as Erdogan tells Turks ‘they have their dollar, we have our god’

CNBC.com
Lira hits all-time low as Erdogan tells Turks ‘they have their dollar, we have our god’

Turkish lira weakens to fresh record low against the US dollar    1 Hour Ago | 03:18 The Turkish lira has collapsed to an all-time record low against the dollar, but the country's leader has brushed aside concerns, telling Turks "we have our God". The lira hit fell more than 12 percent in value to reach more than six lira to each dollar on Friday morning. At around 5:00 ET, the currency had risen back to $5.911. As recently as April one dollar bought about four Turkish lira. The latest bout of selling comes after a Turkish delegation returned from the United States with apparently no progress on the detention of a U.S. pastor. The evangelist, Andrew Brunson, is charged with supporting a group