Caspian Energy Journal Caspian European Club
Wednesday, 23 May 2018 18:00

Lira falls against dollar

Today the Turkish lira has fallen to a historic low against the dollar, reaching 4.92 lira per dollar, as evidenced by the bidding data. Over the past two months the Turkish lira hit several times historical lows against the dollar and the euro. Since the beginning of the year it has depreciated against these currencies by 16.5%, Caspian Energy News ( reports with reference to

The curbed independence of the monetary policy in Turkey will put the country's rating under pressure, Fitch Ratings said.

The growing US dollar rate in the world markets and the political uncertainty ahead of the elections in Turkey also affect the value of the Turkish lira.

More details:

Person in charge of the newsline: Fidan Isayeva

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