May 29 (UPI) -- Turkey's currency, the lira, tumbled to new lows against the U.S. dollar on Monday, the day after President Recep Tayyip Erdogan won a new five-year term, presenting a new challenge to his embattled rule.
The lira, which had already lost 90% of its value over the past 10 years, slipped to 20.065 to the dollar during morning trading in Europe, beating a record low previously set on Friday.