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The Turkish lira is still bleeding after US sanctions
The Turkish lira hit slightly less than 5 lira on Thursday after the United States imposed sanctions on two Turkish ministers in connection with the trial of a US priest accused of supporting Turkey's coup attempt in 2016.
The Turkish currency plunged to a record low of 5.015 on Wednesday, when the White House announced sanctions against Justice Minister Abdulhameed Gul and Interior Minister Sulaiman Sweileh for the imprisonment of Pastor Andrew Branson.
The United States blames both ministers for the arrest and detention of Branson.
The lira recorded 4.9863 to the dollar at 0454 GMT.
The Turkish currency lost a fifth of its value this year due to increased inflation and concerns about the independence of the central bank in the face of demands of Turkish President Recep Tayyip Erdogan to cut interest rates.
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