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FinancialNews


  • 12-04-18

    Turkish currency records 8.5 percent drop against US dollar

    (MENAFN) The Turkish currency was revealed to have hit an all-time low against the US dollar, with investors expressing a pessimistic attitude towards the monetary policy and inflation.

    Bloomberg data has found the Turkish lira to have reported an 8.5 percent drop in 2018, reaching a new record low of 4.1934 against the dollar.

    The new drop has been a disappointment to the Turkish currency with its constant weak performance since the beginning of this year.

    The record law was seen following a warning issued by President Trump of striking Damascus with a missile attack, summoning indecision to the regional situation.

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