Turkey's lira tumbles after report on dismissal of all university deans

by Reuters
Tuesday, 19 July 2016 14:18 GMT

ISTANBUL, July 19 (Reuters) - Turkey's lira weakened beyond 3 to the U.S. dollar on Tuesday after state broadcaster TRT reported the education board had demanded the resignation of all deans working in universities, widening concern about the reach of a government crackdown.

The lira was at 3.0060 to the dollar at 1411 GMT, around 1 percent weaker on the day, with traders citing concern about the purge in the higher education sector.

Earlier Turkey's High Education Board ordered the resignation of all 1,577 deans employed at all universities, TRT reported, part of a wide-ranging purge of dozens of state institutions following a failed coup attempt. (Reporting by Asli Kandemir and Nevzat Devranoglu; Writing by David Dolan; Editing by Gareth Jones)

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