![]() The lira tumbled as far as 13.45 to the dollar, plumbing record lows for an 11th straight session, before trimming some of those losses to close 10.2% lower at 12.7015. ISTANBUL, Nov 23 (Reuters) - Turkey's lira nosedived more than 15% on Tuesday after President Tayyip Erdogan defended recent rate cuts and vowed to win his "economic war of independence", despite widespread criticism and pleas to reverse course. Erdogan insists tighter policy will not lower inflation.Ex-central banker calls for end to 'irrational experiment'.Turks say household budgets, future plans in turmoil.Central bank has slashed policy rate 400 points since Sept. ![]() ![]() Lira has shed 42% vs dollar this year, weakest global currency. ![]()
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