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  • 21-12-21

    Turkish currency strengthens as President announces new fiscal procedures

    (MENAFN) On Monday, the Turkish currency came back stronger very quickly as the nation's president unveiled a new fiscal procedure to strengthen the currency.

    The new procedures come during the aftermath of increasing prices and trade rates as the government follows its "new economic model," which highlights opposition to high interest.

    President Recep Tayyip Erdogan stated that the new measurements would permit possible stockholders in external currencies to get the same outcomes while dealing with the Turkish currency.

    On Tuesday morning, the lira/dollar trade rate fell to 11.2248 on 9.30 domestic time (0630GMT) and then under the level of 7.9, increasing nearly 40 percent against dollar since Monday evening.

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