Turkish lira sets anti-record ahead of run-off

Turkish lira sets anti-record ahead of run-off

© Photo: Maria Novoselova / Vestnik Kavkaza

On the eve of the presidential run-off scheduled for tomorrow, the country’s currency is trading at an all-time low - almost TL 20 to a dollar.

The Turkish lira fell to an all-time low, Trading Economics reports. The anti-record is set amid the upcoming presidential run-off that will be held tomorrow, May 28.

The national currency is trading at 19.972 lira to $1. Yesterday, the dollar raises above TL 20.

According to experts, the Turkish currency may break a new historical record by the end of the year, falling to the level of TL 29 to $1.

The market reflects concerns about the uncertainty that may come with a change of government, and the way the authorities will manage the exchange rate in the future.

2375 views
We use cookies and collect personal data through Yandex.Metrica in order to provide you with the best possible experience on our website.