Turks Abandon the Lira for Dollars as Currency Crisis Deepens

turks abandon the lira for dollars as currency crisis deepens

Sumary of Turks Abandon the Lira for Dollars as Currency Crisis Deepens:

  • ISTANBUL—A currency crisis here is battering Turks’ confidence in their government’s ability to manage the economy, causing droves of people to buy U.S. dollars and sending crowds of people into the streets to oppose President Recep Tayyip Erdogan’s policies.
  • Riot police lined the streets in parts of Istanbul as the country braced for a third night of scattered protests over Mr. Erdogan’s inability to stop a precipitous drop in the Turkish lira.

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