Baku 8° C
Turkish lira stabilizes at TRY12 per dollar
Finance
- 25 November, 2021
- 15:05
The rate of the Turkish currency on Thursday does not experience strong fluctuations after a sharp fall on Tuesday, remaining at around TRY12 per dollar, as Report informs, this is evidenced by the auction data.
As of 16:30 Baku time, the Turkish currency rate was TRY11.93 per dollar. Earlier on Thursday, it fluctuated in a range of TRY11.9 to TRY12.1.
The Turkish currency has fallen in price by almost 40% over the year, and on Tuesday set a new anti-record, falling from TRY11.37 to TRY13.21 per dollar. Such a sharp drop per day is the maximum over the past 20 years. It happened after the Turkish central bank decided last Thursday to reduce the discount rate to 15% from 16%.
Author
Latest News
11:23
Photo
Azerbaijan, Uzbekistan aim to develop co-op on state audit
Finance11:21
Pakistan says it will back Saudi Arabia ‘no matter what'
Other countries11:09
'Punishment Committee' formed to target war incitement in Iran
Region11:07
Azerbaijan's CBA approves Bank Supervision Strategy
Finance10:59
Saudi FM and Marco Rubio discuss Iran attacks in phone call
Other countries10:49
Tenders for road project linking Azerbaijan, Armenia canceled in Georgia
Region10:38
Middle East conflict costing region's tourism industry up to $600M per day
Other countries10:31
Container ship hit by unknown projectile off UAE coast: UK Maritime Agency
Other countries10:30