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A record drop for the Turkish lira

2020-10-08T10:30:13.780Z


Ankara-SANA The Turkish lira fell against the dollar today, to touch a record low, due to concerns about penalties


Ankara-Sana

The Turkish lira fell against the dollar today to a record low due to concerns about possible US sanctions, conflict in the Caucasus region, and turmoil in relations with the European Union.

According to Reuters, the Turkish lira recorded 7.89 against the dollar, touching a record low in the previous session, when it closed at 7,815 pounds against the dollar.

The Turkish currency continues to deteriorate due to the deteriorating political and security conditions in the country due to the policies of Recep Tayyip Erdogan's regime and its repressive measures, which led to a decline in tourism and investments and a decrease in the country's foreign exchange earnings.

Source: sena

All business articles on 2020-10-08

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