Baku 22° C
Turkish lira exchange rate against US dollar falling
Finance
- 29 November, 2021
- 07:55
Add Report.az to preferred Google sources
Stay up to date with the top news!
The Turkish lira exchange rate fell 2% on November 29 amid another rate cut expected in December by the Central Bank of Turkey, Report informs referring to the auction data.
Bidding on November 29 began at 12.40 liras per US dollar, and as of 11:00 a.m. (GMT+4), this figure was 12.70 liras.
The national currency of Turkey has fallen in price over the year by more than 40%, and on November 23 reached a new anti-record value, falling from 11.37 to 13.21 liras per US dollar. Such a sharp decline in the cost of the lira is the strongest in the last 20 years. It happened after the regulator decided on November 18 to reduce the discount rate to 15% from 16%.
Author
Latest News
19:10
Laos seeks broader cooperation with Azerbaijan in economy, trade and tourism
Foreign policy
19:03
Lao President thanks Ilham Aliyev for contribution to bilateral relations
Other
18:53
Ilham Aliyev: Azerbaijan ready to consider investment projects in Laos
Foreign policy
18:30
Ilham Aliyev proposes scholarships for Lao students in Azerbaijan
Foreign policy
18:23
Azerbaijan's agricultural output rises 1.1% in January-September
AIC
18:14
Photo
Ali Asadov chairs meeting on oil refining and petrochemical development
Energy
18:13
'One nation, two states': Who gave anyone the right to dictate to Azerbaijan?
Analytics
18:10
President Ilham Aliyev's social media accounts feature Lao leader's official visit
Foreign policy
18:07
Photo
Presidents of Azerbaijan and Laos deliver press statements - UPDATED
Foreign policy