Managers have warned more pain may lie ahead for Turkey as the country tries to recover from its recent currency crisis unless the authorities can restore market confidence through credible policy actions, while there is a threat its troubles could "morph into a systemic risk for other emerging market countries".
The Turkish lira plunged 11% against the US dollar last Monday to hit a record low of TL7.2149, following a 20% fall the previous week, as a row with the US pushed Turkey into a full blown currency crisis....
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