Aug.06 — Turkey’s lira tumbled to its lowest level against the dollar as interventions by state banks failed to keep a lid on the currency’s depreciation. Piotr Matys, a strategist at Rabobank in London, says Turkey is close to facing a currency crisis. He appears on “Bloomberg Surveillance.”
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London is the capital of England and the United Kingdom.
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In This Story: Turkey
Istanbul, which straddles Europe and Asia, is the country’s largest city, while Ankara is the capital. The majority of the population identifies as Turkish, around 20% identify as Kurdish.