Lira Plummets After Turkish Central Bank Deputy Governor Quits
Zero Hedge -

It was already an ugly day for the Turkish Lira, which earlier in the day accelerated its drop for the 4th consecutive session, sending the USDTRY to the highest level since August 14 when the currency crashed over the weekend to the lowest level on record.

Today's drop was initially precipitated after Erdogan said on Thursday that Turkey "is not without alternatives" and warning that it won't "back down over threats."

In his latest attack on the US, Erdogan said that "some do not hesitate...


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