Turkey's embattled currency the lira on Wednesday hit new historic lows against the dollar after President Recep Tayyip Erdogan said that he wanted a bigger say in monetary policy.
The lira has lost nine percent in value over the last month alone as Turkey heads to snap presidential and parliamentary elections on June 24.
Over the past several weeks, the Turkish lira has repeatedly renewed its historic low against the US dollar and the euro, weakening by about 14 percent against world's major currencies.
Source: The Washington Post
In an interview with Bloomberg TV on Monday while on a visit to London, Erdoğan signalled he wanted to take greater control over monetary and economic policy if he wins the elections.
"This may make some uncomfortable. But we have to do it," he said.
The lira was on Tuesday trading at 4.49 lira to the dollar, a loss of 1.1 percent in value on the day.
