Turkey’s Lira crashes to new record low

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Turkey’s Lira crashes to new record low
 © FinancialMirror 2020

Turkey’s lira tumbled to a record low against the euro during the week with trading platforms reporting an all-time low closing price of 9.78 on Friday, coming dangerously close to 10.

This is the lowest the Turkish Lira has reached since its introduction in January 2015 when it replaced the old Turkish Lira. One new Turkish Lira was equal to 1 mln old Turkish Lira.

The Turkish Lira is leading losses across emerging markets in Europe, Middle East and Africa, and was set for its worst month since the 2018 crisis, which forced the central bank to...


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Turkey’s Lira crashes to new record low


The contents of this article including any associated images are © FinancialMirror 2020
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