Turkey's Central Bank headquarters is seen in Ankara January 24, 2014. (REUTERS/Umit Bektas)
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The lira extended its drop to a record low, and stocks slid the most in the world after Turkey's central bank failed to stop the currency's decline Thursday in the first unscheduled intervention in more than two years.The currency plunged to a record 2.3360 per dollar before trading 1.7 percent lower at 2.3308 as of 2 p.m. in Istanbul. The Borsa Istanbul 100 Index lost 2.3 percent, the most among 94 equity indexes tracked by Bloomberg. Turkey's central bank sold between $3.5 to $4 billion Thursday to shore up the lira, according to Istanbul-based brokerage Strateji Menkul Degerler.
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