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The decline of the Turkish lira

2021-09-20T07:26:52.381Z

Ankara, SANA- The Turkish lira lost about 0.4 percent of its value against the dollar today and reached its lowest level since



Ankara-Sana

The Turkish lira lost about 0.4 percent of its value against the dollar today and reached its lowest level since the ninth of July, under pressure from the dollar's rise ahead of the Turkish Central Bank's meeting to set the interest rate this week.

Reuters reported that the lira fell to 8,6835, compared to last Friday's close at 8.65, and lost nearly three percent against the dollar in three trading sessions.

The deterioration of the Turkish currency continues due to the deteriorating political and economic conditions in the country as a result of the policies of President Recep Tayyip Erdogan and his repressive measures, which led to a decline in tourism and investments and a decrease in the country's foreign exchange revenues.

Source: sena

All business articles on 2021-09-20

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