Erdogan orders probe into Turkish lira's slump - Anadolu

FILE PHOTO: Turkish President Tayyip Erdogan addresses members of his ruling AK Party (AKP) during a meeting at the party headquarters in Ankara, Turkey, November 23, 2021. Murat Cetinmuhurdar/PPO/Handout via REUTERS

ISTANBUL (Reuters) - Turkish President Tayyip Erdogan has ordered an investigation into possible currency manipulation after the lira fell sharply to record lows against the dollar this week, the Anadolu news agency reported on Saturday.

It said Erdogan had tasked the State Supervisory Council, an auditing agency which reports to the presidency, to identify institutions that had bought large amounts of foreign currency and to determine whether any manipulation had occurred.