Turkey crisis sends lira to new low as investors spooked
ISTANBUL (AFP) - The Turkish lira touched a new low against the dollar and shares also slid on Thursday, under pressure from a corruption scandal roiling the government.
The lira fell to 2.1740 after earlier hitting a record low of 2.1828 to the dollar while the main Istanbul stock exchange index lost 1.20 per cent to 66,985.81.
Turkey's financial markets have tumbled on political jitters with Prime Minister Recep Tayyip Erdogan's government rattled by a corruption probe that has targeted several key allies.
Although Turkish leaders have sought to play down the impact of the crisis on the once fast-growing emerging economy, analysts warned that investors have taken flight.