Turkish currency and stocks plunged Monday as officials tried to stem the carnage caused by Erdogan's abrupt dismissal of his reformist central bank chief. The Turkish lira and stocks plunged Monday as officials tried to stem the carnage caused by President Recep Tayyip Erdogan's abrupt dismissal of his reformist central bank chief. The lira lost nearly 15 percent against the dollar on the first day of trading after Erdogan replaced market-friendly economist Naci Agbal with former ruling party lawmaker Sahap Kavcioglu at the crucial post. It clawed back some of its losses but was still down nine percent at 7.93 to the dollar late Monday after analysts said state banks intervened to support t
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