(ANSA) - ISTANBUL, OCTOBER 25 - The Turkish lira touches yet another negative record following the expulsion ordered by President Recep Tayyip Erdogan of 10 Western ambassadors in Turkey, including those of the USA, Germany and France. The Turkish national currency depreciated by more than 2% in one day, breaking through the barrier of 1 dollar for 9.80 liras and 1 euro for 11.40 lire. Erdogan had declared the ambassadors of Canada, France, Finland, Denmark, Germany, the Netherlands, New Zealand, Norway, Sweden and the US "persona non grata" for asking for the release of a political dissident.
The latest negative records reached with the opening of the Turkish lira markets were recorded while, according to sources cited by the Reuters agency, a cut to 16% in interest on loans by Turkish state banks is expected in line with the choice of the Central Bank to lower its reference rates by 200 basis points.
Among the banks concerned there would also be Halk Bank, involved in an investigation in the United States on the accusation of having helped to create a scheme to evade the American sanctions against Iran.
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