Turkish lira hits all-time low ...News

Economy by : (Russia Today) -
Country’s central bank has reportedly stopped selling forex reserves in order to support the domestic currency The Turkish lira was trading flat on Tuesday, remaining at a record low against the US dollar, after Türkiye’s central bank stopped using forex reserves to maintain the exchange rate of the national currency. The lira is trading above 26 against the US dollar, and is now down 28% against the greenback so far this year. The Turkish currency has weakened due to the latest decision by the country’s central bank to ease the regulatory requirements in the banking industry, which were aimed at supporting the na

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