The Turkish lira fell this morning, Friday, against foreign currencies, and exceeded 9.60 against the US dollar.
According to “Shafaq News”, this decline is historic, and the Turkish lira reached 11.190 against the euro and 13.25 against the sterling pound..
The Turkish lira fell on the back of the Turkish Central Bank’s announcement to cut the interest rate to 16%.
The Central Bank of Turkey decided, on Thursday, to cut the interest rate to 16% from 18%, amid a record drop in the exchange rate of the Turkish lira, after which it accelerated its decline, falling to 9.47 from 9.29 to the dollar. On Friday, the Turkish currency continued to decline in prices.
The dollar jumped against the lira to 9.18 lira to the dollar on October 14 amid news of the dismissal of three high-ranking central bank officials by decree of Turkish President Recep Tayyip Erdogan, including his deputy, Smekh Tyumen and Ugur Namik Kucuk..
Follow our latest local and sports news and the latest political and economic developments via Google news
Print
Facebook
Twitter
LinkedIn
Pin Interest
Whats App
These were the details of the news Historic collapse of the Turkish lira against foreign currencies 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.