The intervention of the Central Bank was not enough, the Turkish Lira continues to melt.
Despite the Central Bank's intervention in the market for the fourth time the previous day, the dollar rose above 14 lira in a short time.
The currencies of countries such as Tanzanian Shilling, Afghan Afghani and Argentine Peso remained behind the lira, which lost value against many currencies in the world.
Against foreign exchange, the Turkish Lira is taking firm steps towards becoming a stamp.
Turkey started the week with the Central Bank's intervention in the market for the 4th time, as the dollar is based on 15.
While the dollar fell below 14 after the intervention, this intervention lost its effect soon.
While the dollar is pushing 15 and the Euro 17, the TL is rapidly moving towards the currencies of the world's poorest countries.
After the depreciation of the Turkish lira, only a few countries' currencies remained in the lower ranks.
The depreciation of the Turkish Lira against foreign currencies has accelerated the inflows to Turkey from neighboring countries in recent months.
Especially when countries such as Bulgaria and Georgia come to Turkey on weekends for grocery shopping, they give up.
Unfortunately, while the depreciation of the lira could not be stopped, it was noteworthy that the Argentine Peso, Afghan Afghani and Tanzanian Shilling, which were struggling with high inflation, almost came head-to-head with the lira.