Turkey tries to free up lending while lira tumbles another 7%

Posted: August 14, 2018 at 4:30 a.m.

People line up Monday at a foreign currency exchange shop in Istanbul. Turkey’s central bank announced a series of measures Monday to free up cash for banks as the country grapples with a currency crisis.

Turkey's central bank took action Monday to free up cash for banks as the country grapples with a currency crisis sparked by concerns over President Recep Tayyip Erdogan's economic policies and a trade and diplomatic dispute with the United States.

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