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Mainstream Turkish media turn blind eye to country’s worst currency crisis

Although Turkey is suffering one of the worst currency crises in its history, no single mainstream Turkish media outlet has covered the development.
A money changer counts Turkish lira banknotes at a currency exchange office in Diyarbakir, Turkey May 23, 2018. REUTERS/Sertac Kayar - RC1EF7A7FF30

Aug. 6 — the date when the Turkish lira hit record lows following the sanctions the Donald Trump administration slapped on Turkey over the row caused by the detention of American pastor Andrew Brunson — might mark the Turkish economy’s “Black Monday.”

On Aug. 6, the Turkish currency plunged to 5.11 liras to the US dollar, breaking the psychological barrier of 5 liras. Not only that, but around midnight, the lira even traded at 5.42 to the dollar.

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