Turkish lira weakens against US dollar as election board announces rerun of Istanbul mayoral polls
The Turkish lira weakened further on Tuesday and was at 6.16 against the US dollar at 1010 GMT, day after Turkey's Supreme Election Council announced a do-over local election in Istanbul will be held on June 23. The currency has lost over 12 percent in value so far this year against the greenback.the governing Justice and Development Party's objection to the local election results in Istanbul with seven votes in favour and four against.
The mayoral certificate of the main opposition Republican People's Party 's Ekrem Imamoglu has also been cancelled by the council.
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