The deterioration of the Turkish currency continues, and the dollar is...

  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.

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