The Limited Times

Now you can see non-English news...

The Turkish lira is dropping to its lowest levels since last May

2020-07-03T22:15:37.483Z

Istanbul-Sana, the Turkish lira fell again today, its lowest level since last May, after an unexpected riseIstanbul-Sana The Turkish lira fell again today, its lowest level since last May, after an unexpected rise in inflation in this country. Reuters reported that the Turkish lira ended the week at 6.865 against the dollar, after falling to 6.88 in the evening trading. Data earlier in the day showed that inflation jumped more than expected to 12.5 percent year-on-year in June, moving away from the ...



Istanbul-Sana

The Turkish lira fell again today, its lowest level since last May, after an unexpected rise in inflation in this country.

Reuters reported that the Turkish lira ended the week at 6.865 against the dollar, after falling to 6.88 in the evening trading.

Data earlier in the day showed that inflation jumped more than expected to 12.5 percent year-on-year in June, moving away from the central bank’s goal.

Last week, the bank suspended a one-year easing course in the face of a 13 percent drop per lira this year, which drained foreign exchange reserves and external liabilities.

The Turkish currency continues to deteriorate due to the deteriorating political and security conditions that the country is witnessing due to the policies of the Recep Tayyip Erdogan regime and its repressive measures that have led to a decline in tourism and investment and a decline in the country's foreign exchange earnings.

Source: sena

You may like

Business 2020-09-28T13:56:39.073Z

Trends 24h

Business 2020-10-29T20:21:05.608Z

Latest

business 2020/10/30    

© Communities 2019 - Privacy