March 25 (UPI) -- Turkish currency bounced back Monday after experiencing the worst drop since it crashed in 2018, positive news with the March 31 election looming ahead.
The Turkish lira rose 1.3 percent to 5.6819 versus the dollar, recouping Friday's losses where the currency fell 5 percent. Turkish President Recep Tayyip Erdogan had strong words for foreign banks betting against the Lira. Turkey has launched a probe into JPMorgan Chase & Co and other banks for interfering and encouraging the Lira's fall.