Turkish Lira Falls to Record Low in Wake of Corruption Scandal, Tax Hikes
January 02, 2014 at 12:47 PM EST
The Turkish lira deepened its slide on Thursday, falling to a new low against the U.S. dollar, pressured by news of a government corruption probe involving bribery and money laundering. On December 17, the sons of three cabinet ministers and the chief executive officer of the Turkish state-run bank Halkbank were