The lira rose Friday ahead of Turkey’s historic snap elections this weekend, which will also mark the country’s shift from a parliamentary system to a more powerful presidency.
The lira was up 1.3% to 4.6672 versus the dollar at 2 p.m. ET. Turkey’s central bank has been trying to prop up the lira ahead of the election, raising rates earlier this month for the third time in two months to 17.75%.See the rest of the story at Business Insider
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