Lira on four-day skid as Ankara struggles to hold confidence

FILE PHOTO: Hassan al-Khalaf, owner of al-Manar currency exchange bureau, counts Turkish lira banknotes inside his office in the opposition-held city of Idlib, Syria, December 4, 2021. REUTERS/Khalil Ashawi

ISTANBUL (Reuters) - The Turkish lira fell as much as 6% on Thursday, extending a four-day slide after last week's big gains, as the government struggled to convince savers to ignore the volatility and worries over surging inflation and unorthodox rate cuts.

While Finance Minister Nureddin Nebati said Turks' dollar holdings have been falling, official data showed local holdings of hard currencies soared to a record billion last week.