At the auction on September 29, the Turkish national currency fell to 27.4699 lira per dollar, reaching a new low.
The exchange rate of the lira against the dollar is falling almost constantly. During the current quarter, it has fallen in price by 5.5%. Over the month, the fall amounted to almost 3%.
Earlier, the Turkish Ministry of Finance called for patience and said that the lira would stabilize over time. Tightening monetary policy and raising rates should help it.
