Turkish lira falls more than 2% after Erdogan again defends interest...


Posted in: 08/12/2021 – 16:03

                The Turkish lira fell more than 2% on Wednesday, December 8, 2021, retreating towards record lows, as President Recep Tayyip Erdogan renewed his commitment to lower interest rates.                

After rising in the Tuesday session, the lira fell 2.45 percent to 13.80 against the dollar by 1420 GMT, compared to the previous close of 13.45.

The Turkish currency has lost 46 percent of its value against the dollar this year and touched an all-time low of 14.0 lira to the dollar last week.

On his return from the Qatari capital, Doha, Erdogan again defended the monetary easing policy, saying that Turkey would reduce inflation and exchange rate fluctuations through low interest rates.

            




These were the details of the news Turkish lira falls more than 2% after Erdogan again defends interest... 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.

NEXT IAEA wants ‘permanent presence’ at Russia-held nuclear plant

Author Information

I am Jeff King and I’m passionate about business and finance news with over 4 years in the industry starting as a writer working my way up into senior positions. I am the driving force behind Al-KhaleejToday.NET with a vision to broaden the company’s readership throughout 2016. I am an editor and reporter of “Financial” category. Address: 383 576 Gladwell Street Longview, TX 75604, USA Phone: (+1) 903-247-0907 Email: [email protected]