Turkish lira continues to fall in price

12:09 - 28.10.2020

October 28, Fineko/abc.az. At the last meeting of the Central Bank of Turkey, the Turkish lira (TL) continues to decline in price due to the lack of interest rate increases and political problems.

ABC.AZ reports that the dollar/TL exchange rate has also exceeded 8.20 and is currently at 8.2059.

Experts note that the fall in the value of the Turkish lira is caused by tensions in the fraternal country with the EU and the U.S. They believe that if the cool relations between Turkey and the mentioned countries do not end, the lira may fall even more.

 

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