https://sputnikglobe.com/20211123/turkish-lira-sinks-to-lowest-ever-against-us-dollar-1090950366.html
Turkish Lira Sinks to Lowest Ever Against US Dollar
Turkish Lira Sinks to Lowest Ever Against US Dollar
Sputnik International
ANKARA (Sputnik) - Turkish lira rate continued its fall to historical lows, setting a new record of 12.04 to the dollar on Tuesday, according to the exchange... 23.11.2021, Sputnik International
2021-11-23T09:18+0000
2021-11-23T09:18+0000
2021-11-23T09:18+0000
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turkiye
turkish lira
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The record beats the one set just the previous day when markets closed at 11.4 liras to the US dollar.On 18 November, the Central Bank of Turkey had decided to reduce the interest rates from 16% to 15%. On Monday, Turkish President Recep Tayyip Erdogan again called for a reduction in the borrowing costs in a televised speech.The Lira exchange rate began to drop in mid-October after the dismissal of three Central Bank`s senior officials by Erdogan, whose economic machinations are widely viewed as a major contributing factor to the currency's meltdown.
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Turkish Lira Sinks to Lowest Ever Against US Dollar
ANKARA (Sputnik) - Turkish lira rate continued its fall to historical lows, setting a new record of 12.04 to the dollar on Tuesday, according to the exchange tender data.
The record beats the one set just the previous day when markets closed at 11.4 liras to the US dollar.
On 18 November, the Central Bank of Turkey had decided to reduce the interest rates from 16% to 15%. On Monday, Turkish President Recep Tayyip Erdogan again
called for a reduction in the borrowing costs in a televised speech.
The Lira exchange rate began to drop in mid-October after the dismissal of three Central Bank`s senior officials by Erdogan, whose economic machinations are widely viewed as a major contributing factor to the currency's meltdown.
