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The Turkish lira continues to fall and falls 2 percent

2019-10-07T20:41:19.522Z


Ankara - The Turkish lira fell to its lowest level in more than a month against the dollar and fell more than two


Ankara-Sana

Turkish lira fell to its lowest level in more than a month against the dollar and fell more than 2 percent this evening.

Turkey is witnessing successive economic crises under the policies of the Recep Tayyip Erdogan regime, which led investors to fear the economic future of Turkey.

Reuters reported that the Turkish lira fell more than two percent to 5,8305 while earlier recorded a new decline against the dollar and fell by 1 percent to 5,450 dollars, down 5.7 percent from last Friday, while it fell earlier to 5,7575.

The dollar bonds of Turkey also fell and the issue of 2038 fell by 1.3 cents, while the main index of Turkish shares closed down 0.45 percent, while the banking sector index fell by 1.72 percent.

The lira has fallen about 8 percent since the beginning of this year after falling 30 percent last year due to high levels of foreign debt to Turkey under the economic policies of Erdogan's regime and the deteriorating political and security conditions due to its repressive practices under the pretext of the coup attempt in 2016, which led to economic repercussions on the country.

Source: sena

All business articles on 2019-10-07

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