Turkish lira weakens to fresh record low against dollar

Kitco Media
By Reuters
Published:
Updated:
Reuters
ISTANBUL, Feb 24 (Reuters) - Turkey's lira hit a fresh record low of 18.8830 against the dollar on Friday, after the central bank eased policy following massive earthquakes that devastated parts of the country's southeast. The Turkish central bank cut its main interest rate to 8.5% from 9% on Thursday, in a move to ease the economic impact of a devastating earthquake that killed more than 43,000 people in country's south on Feb 6. (Reporting by Ezgi Erkoyun; Editing by Daren Butler)

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