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The Turkish lira is falling again

2021-12-08T16:05:44.309Z

Istanbul, SANA- The Turkish lira fell more than two percent today, retreating towards record low levels. reported



Istanbul-Sana

The Turkish lira fell more than 2% today, falling towards record lows.

Reuters reported that the Turkish lira fell 2.45 percent to 13.80 against the dollar, compared to the previous close of 13.45.

The Turkish currency has lost 46 percent of its value against the dollar this year and touched an all-time low of 14.1 lira to the dollar last week.

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 2021-12-08

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