https://sputnikglobe.com/20211217/turkish-lira-dips-to-16-per-dollar-as-central-bank-lowers-interest-rate-trading-data-shows-1091595896.html
Turkish Lira Dips to 16 Per Dollar as Central Bank Lowers Interest Rate, Trading Data Shows
Turkish Lira Dips to 16 Per Dollar as Central Bank Lowers Interest Rate, Trading Data Shows
Sputnik International
The Turkish lira is continuing its meltdown and has hit 16 lira to the US dollar after the Turkish Central Bank reduced the interest rate from 15% to 14%
2021-12-17T08:37+0000
2021-12-17T08:37+0000
2021-12-17T08:37+0000
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turkiye
turkish lira
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As of 06:40 GMT, lira fell from 15.66 to 16.12 to the US dollar, losing 2.5% of its value since the previous day, according to trading data.The lira has lost more than half of its value over the past year and set a record single-day devaluation record in late November when it shed over 15% of its value in a single trading session.Turkish President Recep Tayyip Erdogan, who stands for a policy of gradual key rate decrease to lower inflation, announced an increase in the minimum wage from 2,825 to 4,250 lira next year due to the ongoing fall of the national currency.
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turkish lira, us dollar
Turkish Lira Dips to 16 Per Dollar as Central Bank Lowers Interest Rate, Trading Data Shows
ANKARA (Sputnik) - The Turkish lira is continuing its meltdown and has hit 16 lira to the US dollar after the Turkish Central Bank reduced the interest rate from 15% to 14%, trading data showed on Friday.
As of 06:40 GMT, lira fell from 15.66 to 16.12 to the US dollar, losing 2.5% of its value since the previous day, according to trading data.
The lira has lost more than half of its value over the past year and set a record single-day devaluation record in late November when it shed over 15% of its value in a single trading session.
Turkish President
Recep Tayyip Erdogan, who stands for a policy of gradual key rate decrease to lower inflation, announced an increase in the minimum wage from 2,825 to 4,250 lira next year due to the ongoing fall of the national currency.
