The price of the dollar rose to 9.6641 pounds today, Friday, before declining to 9.5778 (Getty)
the day after a decision Turkish Central Bank The sudden decision to cut interest rates, the lira continued to decline today, Friday, recording record lows, before witnessing some improvement at a later time.
During today’s trading, it rose US dollar exchange rate To the level of 9.6641 liras before declining to 9.5778 liras later, an increase of 0.79% on a daily basis, which is historically low levels for the Turkish currency against its green counterpart, according to the specialized website “The Arab Trader”.
fell back Turkish lira During today’s trading, it was affected by expectations issued by the “JP Morgan” bank, in which inflation is likely to rise sharply in Turkey.
The bank also expected that the Turkish Central Bank will provide an additional interest rate cut by about 100 basis points (1%) next November, which will have a negative impact on the Turkish lira trading.
The Turkish currency has been subjected to severe pressures from inside and outside for nearly 3 years, although it remains in an optimistic circle due to the strong indicators recorded by the performance of the Turkish economy, whether on the level of general growth or exports and others.
These were the details of the news The deterioration of the Turkish currency continues, and the dollar is... 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.