12:15 - 12.05.2023

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May 12, Fineko/abc.az. Less than two days before the elections, the Turkish lira continues to fall in price.

ABC.AZ reports that the difference between the exchange rate of the Central Bank and the rate of the Grand Bazaar (Turkish name: Kapalıçarşı) has broken a record - for the first time the difference exceeded 1 lira and reached 1.2 lira.

While the official exchange rate of 1 dollar is currently 19.58 liras, in Kapalıçarşı in Istanbul the dollar is traded at 20.78 liras.

The population buys dollars and gold, because they do not know what the outcome of the elections will be. People don't want to keep their funds in Turkish liras.