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2020-09-08 The Grand Turk

Turkish lira has hit a record low against the dollar

[PUBLISH.TWITTER]

The Turkish lira has hit a record low against the dollar, continuing a declining trend over concerns about inflation, loose monetary policy, and the central bank’s depleted forex reserves.#Turkey https://t.co/tfbW0mV6dx
— Al Arabiya English (@AlArabiya_Eng) September 8, 2020

Posted by Fred 2020-09-08 00:00|| E-Mail|| Front Page|| [11157 views ] Top
File under: Sublime Porte

#1 EMERGING MARKETS-S.African rand falls ahead of GDP data; Turkish lira hits new lows

Posted by Skidmark 2020-09-08 06:17|| 2020-09-08 06:17|| Front Page Top

#2 The Guinness Book of Records classified the Turkish lira as the world’s third less valued currency from 1995 to 1996, and again from 1999 to 2004. In 2005, after another devaluation of the Turkish lira, the New Turkish lira was issued, which was in circulation until 1 January 2009, when it was again renamed as “Turkish lira”.

Posted by b 2020-09-08 08:17|| 2020-09-08 08:17|| Front Page Top

#3 approx 3.5 lira to dollar in 2017
now approx 7.5 lira to dollar

however the turkish lira is out performing the Iran Rial

Posted by lord garth 2020-09-08 10:37|| 2020-09-08 10:37|| Front Page Top