Turkey’s lira weakens to 2.74 against dollar amid tensions

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The Turkish lira weakened to 2.74 against the dollar on July 24 after Turkish fighter jets pounded Islamic State of Iraq and the Levant (ISIL) targets in Syria and as police reportedly raided suspected ISIL and Kurdish militant locations in Istanbul overnight.

At 05.15 GMT, the lira stood at 2.7415, weakening from 2.7315 late on July 23.