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The decline of the Turkish lira

2021-12-06T09:52:55.442Z

ANKARA, SANA- The Turkish lira fell to its lowest level today, recording 0.7 against the dollar. Reuters reported that



Ankara-Sana

The Turkish lira fell to its lowest level today, recording 0.7 against the dollar.

Reuters reported that the Turkish lira recorded 13.8,500 against the dollar, affected by continuing concerns about the monetary easing policies of the Central Bank, despite the rise in the inflation rate by more than 21 percent.

The continuous deterioration of the Turkish currency is mainly due to the repeated interventions of the Turkish President Recep Tayyip Erdogan in monetary policy and the rapid changes he imposed in the leadership of the Central Bank.

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Source: sena

All business articles on 2021-12-06

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