Turkish lira record low ripples through global currency markets
(The Guardian Turkey)

Peso and rand become knock-on casualties of Turkey´s currency slide after lira falls 8% against the dollarA fresh plunge in the Turkish lira sent tremors through global currency markets on Monday, amid fears that the failure of Recep Tayyip Erdogan´s government to tackle its worsening financial crisis would have a domino effect on other vulnerable countries.The Argentine peso and the South African rand were the biggest knock-on casualties of a day of turbulence that saw the lira fall 8% against the dollar and Erdogan lash out at `economic terrorists on social media`, as he accused Donald Trump of stabbing Turkey in the back. Related: Turkish financial crisis: Lira hits record low as Erdogan says `attacks will continue` - live updates Related: The Guardian view on Turkey´s currency crisis: it was made at home | Editorial Related: Erdogan calls on Turks to back lira by selling their dollars and euros Continue reading...