(CNN) The worst may be yet to come for Turkey.
The Turkish lira has dropped more than 40% against the dollar since January, thrashed by a potent mix of confrontational politics, economic policy confusion and US interest rate hikes. The escalation of a political spat with the United States has fueled volatility and further devalued the lira against other currencies.
Turkish citizens hoping for relief may be left disappointed.
— Maria Bartiromo (@MariaBartiromo) August 13, 2018
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