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Record decline of the Turkish lira against the dollar

2021-10-12T08:27:19.264Z

ANKARA, SANA- The Turkish lira fell to a new record low against the dollar. Reuters reported that the Turkish lira



Ankara-Sana

The Turkish lira fell to a new record against the dollar.

Reuters reported that the Turkish lira fell to a new level, exceeding the level of nine lira to the dollar, affected by the uncertainty about political pressures to cut interest rates and the rise of the US currency in general.

The Turkish lira has fallen by about 18 percent against the dollar since the beginning of this year, which exacerbated the rise in inflation in Turkey, which reached 20 percent.

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 2021-10-12

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