Turkish lira drops to record low

12:15 - 18.07.2023


July 18, Fineko/abc.az. The Turkish currency began to lose value in front of the dollar and the euro against the background of the situation around the grain contract.

Thus, the Turkish lira updated its historical minimum last day, that is, on Monday, ABC.AZ reports with reference to the foreign press. During the session, the Turkish lira reached 26.37 lira for 1 dollar.

Some time ago the Central Bank of Türkiye raised the key discount rate from 8.5% to 15%, promising to pursue tighter monetary policy.