And decreased Turkish Lira 1.6 percent was on a path leading to its worst day since early August, when the latest selloff began to hurt the currency, which lost half its value in less than three years.
The sell-off erased a rally achieved late last week when the rally Turkish Central Bank Unexpectedly, interest rates were 200 basis points to 10.25 percent.
And eloquence Turkish currency 9.0780 against the euro and 10.0557 against the pound by 1056 GMT, according to Reuters
The lira also took a hit from the strengthening of the dollar, and it traded near a record low against the US currency at 7.7940.
The lira is one of the worst performing currencies this year, down 22 percent, due to concerns about Turkey’s dwindling foreign exchange reserves and real interest rates well below zero.
The currency reached about 7.7 pounds to the dollar, losing half of its value in less than 3 years, as the decline began when a currency crisis in 2018 sparked an economic recession that ended years of prosperity under the president. Recep Tayyip Erdogan.
These were the details of the news Under the weight of the Caucasus conflict … the Turkish lira... for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.
It is also worth noting that the original news has been published and is available at saudi24news and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.
