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    SocGen: US-dollar may rise to 3.30 TRY

    TRY decline may increase pressure on Azerbaijani manat

    Baku. 20 July. REPORT.AZ/ Next 2-3 months, the US-dollar in Turkey could rise to 3.2888 TRY. Report informs, a report of Phoenix Cullen, analyst of the French bank Societe Generale says.

    According to the report, the Central Bank of Turkey (TCMB) attaches great importance to economic growth and political processes than a financial stability. In turn, this may provoke sharp swings in asset prices.

    Notably, US-dollar on July 19, has grown by 3% - from 2.97 to 3,06 TRY/USD, but already this morning fell to 3,03 TRY/USD. Analytical Group of Report News Agency predicts that the Turkish lira will continue to fall against the US-dollar.

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