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Vice President: Lira crashing due to some acts against Turkey

The Turkish Lira has been weakening to record lows against the US dollar, with officials blaming foreign powers in the lira crisis, saying lowering the interest rates isn’t the reason behind the crash in the value of the currency.

Rahshan Saglam
Press TV, Istanbul

Turkish Lira continues to lose its value against the US dollar, the lira lost 45 percent of its value since the beginning of this year and became one of the world’s worst performing currencies. People blame the Turkish government for its decision to lower interest rates. But the government blames what it calls foreign plots against Turkey to weaken its economy and “bring the country to its knees.”