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Turkey spends record bn defending lira after Erdoğan rival’s arrest

Turkey spends record $12bn defending lira after Erdoğan rival’s arrest

By Olivia Renshaw
. March 21, 2025

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Turkey’s central bank burnt through

Turkey spends record $12bn defending lira after Erdoğan rival’s arrest

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