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  1. The Turkish lira crashes to an all-time low of 13.44 to the U.S. dollar. The crash was sparked by President Recep Tayyip Erdoğan's defence of the Central Bank's continued interest rate cuts amid soaring inflation.
  2. The Turkish lira falls to an all-time low of 13.44 to the U.S. dollar. The crash was primarily caused by president Recep Tayyip Erdoğan's defense of the Central Bank's continued interest rate cuts amid soaring inflation.

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