Friday 19 Apr 2024 - 12:00

11:17 pm

Visitors:
Online:

Turkey's lira dips again, down 22% so far this year

NNA - The Turkish lira slid 0.9% against the dollar on Wednesday, bringing its losses to 22% this year, after worries about a surge in inflation were fuelled by President Tayyip Erdogan's pledge to keep cutting interest rates.

The lira stood at 16.93 against the U.S. currency at 0611 GMT, weakening from Tuesday's close of 16.7650 towards a record low which it hit on Dec. 20 in a currency crisis triggered by a series of unorthodox interest rates cuts.--Reuters 

 

 

 

==================R.H.

تابعوا أخبار الوكالة الوطنية للاعلام عبر أثير إذاعة لبنان على الموجات 98.5 و98.1 و96.2 FM

  • NNA Services
  • Email Service
  • Mobile App
  • Responsive Website