Turkish national currency on Monday again hits the record of his fall, depreciating towards the dollar to 17.04 liters per unit of US currency. This is evidenced by online data from stock trading, writes TASS.
At the same time, from the beginning of the year, the Turkish currency was devalued twice, which was one of the largest costs of the cost of Nationalities in recent years. In January, the dollar was given about 7.3 liters. Last Friday, Lira traded at 16.41 per unit of US currency.
The next fall of the Lyra is associated with the statement of Turkish President Tayip Erdogan made on Sunday that the authorities of the republic do not intend to raise the interest rate.
Last week, Turkey’s central bank again lowered one of the key rates as a measure to stabilize the lyure and inflation. We are talking about the interest rate at the auctions of the weekly repo (short-term loan of funds secured by securities), which has been reduced from 15% to 14%. For the decline, President Tayyip Erdogan is actively advocated, considering interest rates of the “poor people”.