Analytical Reviews

Bekommen Sie die neuesten wirtschaftlichen Nachrichten von ForexMart, einschließlich Updates aus Finanzmarkt, Zentralbankpolitiksankündigungen, finanzielle Indikatoren und andere relevante Nachrichten, die die Branche beeinflussen können.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

The Turkish Lira has updated the anti-record again


December, 20 2021
watermark Economic news

On Monday, the Turkish lira exchange rate collapsed again, updating another anti-record. The quote of the USD/TRY pair is 18.41 lira per dollar. During the day, the currency lost about 10%. 


Back in January 2021, the lira was trading at the rate of 7.4 lira per dollar. During the year, the currency has fallen in price by more than 60%, and the lira has lost more than 40% of its value over the past month.


The driver of the weakening of the lira was another reduction in the interest rate by the central bank of Turkey. On Thursday, the Central Bank decided to reduce the discount rate from 15% to 14%. The regulator also announced new direct currency interventions.


Turkish President Tayyip Erdogan is in favor of reducing the discount rate, arguing that this will lead to lower inflation. However, many do not agree with Erdogan's policy. As a result, since July 2019, the president has already changed the head of the central bank three times and the finance minister twice since November 2021.


hinterlassen

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.
Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.