Dollar breaks historic record against Turkish lira

Dollar breaks historic record against Turkish lira
Date: 17.5.2018 12:00

Dollar went to 4.50, AKP depreciation in TL continued yesterday. The dollar rose to 4.50 yesterday, while the euro rose above 5.32. After the announcement of the Central Bank and the meeting with the President, the dollar was shortened to 4.40 for the short term.

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We are passing through a very heavy trial ... The heart of the Ummah is bleeding for Al-Quds, and the inside (Turkey) is becoming devaluation over time ... The rise in the dollar, the depreciation in TL, does not stop. The previous day, testing the 4.4750 level, the new record-breaking dollar exchange rate rose to 4.50 in the afternoon after starting the day at 4.46 yesterday. The Euro broke the record at 5.31. Thus, the value of the TL depreciated close to 15 percent against the dollar this year was one of the most depreciating currencies in the developing world.
 
After the rapid increase in the dollar, the Central Bank explained. The Central Bank's "unhealthy price developments observed in the markets are closely monitored. Necessary steps will be taken taking into consideration the developments' effects on the inflation outlook. "While the announcement was slowing to 4.45, the news that President Erdoğan will meet with President Cetinkaya also led to a drop in the period to 4.40. The dollar sat again at 4.44 after a brief fall.
 
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YEREL HABERLER

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