The Turkish lira lost 20% against the dollar. Its economy suffered from the combination of political uncertainty and the worsening security situation in neighboring Syria.
Turkey is also among the countries hit by the Federal Reserve's decision to raise rates, because it could push up the cost of servicing its huge external debt.
The IMF expects Turkey to grow 3.6% in 2016, way below the 9% growth it experienced in 2010 and 2011.
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