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A new decline in the Turkish lira

2020-10-22T07:09:57.610Z


Ankara-SANA The Turkish lira fell against the dollar today on expectations that the central bank will raise interest rates


Ankara-Sana

The Turkish lira fell against the dollar today on expectations that the central bank will raise interest rates in additional tightening of monetary policy to counter inflation in the country.

According to Reuters, the lira recorded 7,280.72, down about 0.4 percent, after it touched 7,935.79 at yesterday's close.

The Turkish currency continues to deteriorate in light of 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 2020-10-22

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