ANKARA, Turkey | The Latest: Erdogan appeals for calm, currency drops further
ANKARA, Turkey — The Latest on Turkey’s financial turmoil (all times local):
Turkish President Recep Tayyip Erdogan is appealing for calm as the country’s currency plunges, urging people to change foreign money into local lira.
The lira tumbled about 10 percent on Friday to another record low as investors worry about Erdogan’s unorthodox economic policies and U.S. sanctions.
Erdogan said during an address to supporters: “Change the euros, the dollars and the gold that you are keeping beneath your pillows into lira at our banks.