Turkish lira hits record lows despite FX from Gulf states
Turkey received foreign exchange from Persian Gulf states ahead of its presidential election, after central bank reserves fell to their lowest in over 20 years.
President Recep Tayyip Erdoğan, speaking on television on May 26, apparently confirmed earlier press reports that several states had sent large sums to the central bank, Al-Arabiya reported. On May 28, Turkish voters will have to choose between Erdoğan and opposition leader Kemal Kılıçdaroğlu in the election’s run-off round.
Reuters re
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