Lira exchange rate hits historic low for second day in a row – Kommersant
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The Turkish lira rose above 25 lira per dollar for the first time. By the morning of June 23, the lira is trading at the rate of up to 25.11 lira per dollar and 27.46 lira per euro. The value of the Turkish currency is a record falls the second day in a row.
Yesterday, June 22, the Central Bank of Turkey for the first time since 2021 raised key rate to 15% from 8.5%. The rate was raised in order to combat the crisis in the Turkish economy and tighten monetary policy. Annual inflation in Turkey in May amounted to 39.6%. Last year inflation in the country was at the level of 86%.
More details – in the material “Kommersant” “The Turkish Central Bank is back to basics”.
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