Erdogan vows action against 'economic terrorists' over lira plunge

The lira currency, which has lost more than 40 percent against the U.S. dollar this year, pulled back from a record low of 7.24 earlier on Monday after the central bank pledged to provide liquidity, but it remained under selling pressure and its meltdown continued to rattle global markets. "There are economic terrorists on social media," Erdogan told a gathering of Turkish ambassadors at the presidential palace in Ankara, adding that the judiciary and financial authorities were taking action in response.

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