The Turkish lira drops to an all-time low against the dollar

The Turkish lira drops to an all-time low against the dollar
The Turkish lira drops to an all-time low against the dollar

Posted in: 25/10/2021 – 09:59

The Turkish lira plunged to an unprecedented low of 9.85 per dollar on Monday 10/25 after President Recep Tayyip Erdogan said at the weekend that he had ordered the expulsion of ambassadors of the United States and nine other Western countries.

The lira was last recorded at 9.7150, and was in a range between 9.7225 and 9.7600 at 0402 GMT.

Bankers attributed the drop in early trading to Erdogan’s statements on Saturday 10/23.

The lira, which has fallen 24 percent since the beginning of the year, ended Friday at 9.5950.

Source

Turkish lira drops alltime dollar

 
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