Turkish currency plunges to new low against USD amid high inflation

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Turkish currency plunges to new low against USD amid high inflation

STORY: Turkish currency plunges to new low against USD amid high inflation SHOOTING TIME: Feb. 16, 2024 DATELINE: Feb. 17, 2024 LENGTH: 00:01:10 LOCATION: ISTANBUL, Türkiye CATEGORY: ECONOMY SHOTLIST: 1. various of Istanbul city in Türkiye 2. Murat Tufan, an analyst with Turkish broadcaster Ekoturk speaking in an interview 3. various of Turkish Minister of Treasury and Finance Mehmet Simsek speaking at the Türkiye-Saudi Arabia Investment and Business Forum in Istanbul, Türkiye 4. various of Turkish Central Bank 5. various of Fatih Karahan, Turkish Central Bank chief STORYLINE: The Turkish currency plunged to a new low on Friday against the U.S. dollar, losing 0.3 percent of its value in 24 hours while the country has been trying to curb high inflation. The lira stood at 30.83 against the dollar at 4:00 p.m. local time (1300 GMT) after hitting 30.87. Murat Tufan, an analyst with Turkish broadcaster Ekoturk, told Xinhua that for the lira to appreciate, inflation needs to be seriously curbed in Türkiy

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