The Turkish lira exchange rate to the dollar has reached a historical low – Kommersant
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The Turkish lira has reached a record low against the dollar. According to trading data, the value of the dollar exceeded 28 liras. As of 8:56 Moscow time, the dollar to Turkish lira exchange rate is growing by 0.73%, to 27.7425 lira per dollar, follows from the information investing.com.
Over the past 12 months, the dollar to Turkish lira exchange rate has increased by more than 40%. In an effort to ease pressure on the currency, the Turkish Central Bank has already raised the key rate four times. On September 21, the Central Bank announced an immediate increase in rates by 500 basis points, to 30%. In the same month, the exchange rate of the Turkish lira to the dollar updated minimum – then the dollar exceeded 27.5 liras.
About the situation in the country – in the material “Kommersant” “The Turkish rate has rushed to new heights”.
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