30 percent devaluation in 1 month!

30 percent devaluation in 1 month!
Date: 27.6.2023 12:00

The dollar, which was traded at 19.60 lira before the May 14 elections and exceeded 20 lira for the first time after the second round on May 28, saw 26 lira for the first time in history yesterday, one month after the elections.

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The Euro also exceeded the limit of 28 liras and reached 28.35 liras. While gram gold exceeded 1600 lira, quarter gold rose to 2560 lira.
 
The dollar, which was tried to be kept below 20 liras before the elections and billions of dollars of reserves were "burned" for this cause, appreciated by approximately 30 percent in the month after the elections were concluded.
 
More precisely, TL was devalued by 30 percent.
 
The dollar, which exceeded 25 lira for the first time after the Central Bank's interest rate decision last week, reached an all-time high by seeing 26.02 yesterday.
 
While the daily rise in exchange rates approached 3 percent, the euro exceeded 28 liras for the first time in its history and rose to 28.35 liras.
 

GRAM GOLD EXCEEDS 1600 LIRA

 
The sharp rise in the dollar also helped gold, and gram gold broke the record by exceeding 1600 lira. Gram gold was traded at 1605 lira, quarter gold at 2570 lira, and Republic gold at 10 thousand 700 lira.

YEREL HABERLER

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