Turkiye lira hits 30 vs dollar milestone after years-long slide – Markets

ISTANBUL: The Turkiye lira hit a new record low beyond 30 to the dollar on Thursday after losing more than a third of its value last year and more than 80% in the last five years, battered by a series of past interest rate cuts in the face of soaring inflation.

The lira was 0.2% weaker at 30.01 at 0845 GMT after touching an historic low of 30.015. So far this year it has shed 1.6%, even as…