Turkish lira grows rapidly - Growth to continue for some time

16:18 - 16.12.2019

December 16, Fineko/abc.az. Interesting nuances related to the lira are observed in Turkey.

Thus, the political scandal between the U.S. and Turkey caused the growth of the Turkish currency in exchange rate lira-dollar.

ABC.AZ reports with reference to the Turkish media that experts also reacted to the rise in price of the lira.

They believe the decrease in interest rates of the Turkish Central Bank leads to decrease in its positive balance in external calculations, and thus, the lira becomes more expensive. According to experts, if this goes further, the growth of the lira will continue for some time.

By Elmir Murad

 

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