Turkey's embattled lira on Friday plunged to new historic lows in value against the US dollar as markets took fright at a new crackdown against its main pro-Kurdish political party. The lira is now trading at values substantially lower than in the wake of the July 15 coup aimed at unseating President Recep Tayyip Erdogan which also rattled markets.
The lira was trading at 3.17 to the dollar, a new historic low and a loss in value of 1.8 percent on the day. Its lowest value in the wake of the coup was 3.09 lira to the dollar. The Turkish stock market also tumbled, with the Borsa Istanbul 100 Index shedding 3.15 percent to 74,267 points.
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