Turkey tries to contain crisis but currency keeps falling

  • Turkey’s President Recep Tayyip Erdogan, gestures as he delivers a speech to Turkish ambassadors at the Presidential Palace in Turkey, Monday, Aug. 13, 2018.Erdogan says his country is under an economic “siege” that has nothing to do with its economic indicators. He insisted that Turkey’s economic dynamic remain strong and said the Turkish currency would soon settle “at the most reasonable level.” (Pool Photo via AP)

  • A vendor offers Turkish flags for sale at a market in Istanbul, Monday, Aug. 13, 2018. Turkey’s central bank announced a series of measures on Monday to free up cash for banks as the country grapples with a currency crisis sparked by concerns over President Recep Tayyip Erdogan’s economic policies and a trade and diplomatic dispute with the United States. (AP Photo/Lefteris Pitarakis)

ANKARA, Turkey — Turkey’s central bank took action Monday to free up cash for banks as the country grapples with a currency crisis sparked by concerns over President Recep Tayyip Erdogan’s economic policies and a trade and diplomatic dispute with the United States.

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