The Turkish lira is selling heavily this afternoon following a report of a potential resignation from the deputy governor at the country’s central bank. Here is everything you need to know as the Argentina Peso and India Rupee fall to a record low. Are we on the brink of a world economic crash?

The US dollar was said to be up four percent on Thursday compared to the Turkish currency, which was trading at 6.7422 at 1pm BST.

Since the start of the year, the lira has dropped around 40 percent against the greenback.

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