LONDON/GDANSK -Turkey's lira hit fresh record lows against the dollar on Monday, though stocks rallied, after President Tayyip Erdogan secured victory in Sunday's presidential election, extending his increasingly authoritarian rule into a third decade. Erdogan prevailed despite years of economic turmoil that critics blame on his unorthodox economic policies, which the opposition had pledged to reverse. The lira weakened to 20.1050 to the dollar during its worst trading day in eight months, breaking through the previous record low touched on Friday.

https://business.inquirer.net/403303/turkish-lira-hits-record-low-stocks-gain-after-erdogan-secures-re-election

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