Turkey Currency Crisis Threatens Economy, Posing Challenge to Erdogan Rule

ISTANBUL—A currency crisis is shaking Turkey’s overall economy, imperiling President Recep Tayyip Erdogan’s just about two-ten years-long grip on electricity and upending living requirements in a country that experienced savored several years of progress.

The Turkish lira strike a record reduced versus the dollar on Thursday following the Central Bank minimize a key price by one share stage. The currency has missing extra than a 3rd of its value because March and is the worst-undertaking important emerging marketplace currency this yr so considerably.