Analytical Reviews

Get the latest economic news from ForexMart, including updates on the financial market, central bank policy announcements, financial indicators, and other relevant news which can impact the industry.

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 currency fell to the level of 33 liras per dollar


June, 25 2024
watermark Economic news

Turkish Lira hits record low: The dollar exchange rate exceeded 33 Turkish liras. At the auction on Tuesday, the maximum exchange rate was 33.13 lira per dollar.


The collapse of the lira began in May 2023 during the presidential and parliamentary elections. On the eve of the first round of presidential elections, which took place on May 14, the lira exchange rate was equal to 19.57 per dollar.


According to forecasts of market participants surveyed by the Turkish Central Bank in June, by the end of the year the exchange rate could reach 37.75 lira per dollar.


The Turkish authorities say they expect the economic situation to stabilize in the second half of the year. Finance Minister Mehmet Shimshek said that inflation will begin to decrease in June and by the end of the year it will fall to 38% from 75.4% in May.


Last June, the country's central Bank raised the discount rate from 8.5% to 15% for the first time in more than two years, after which it continued to increase it regularly. In March, the regulator left the rate unchanged at 50%.


コメントする

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
defer(function(){ $("#cookies_modal").modal('show'); setCookie('fm_cookies', 'agree'); $(document).on('click', ".fm_cookies", function () { $("#cookies_modal").modal('hide'); setCookie('fm_cookies', 'agree'); }); }); function setCookie(key, value) { var expires = new Date(); expires.setTime(expires.getTime() + (10 * 365 * 1 * 24 * 60 * 60 * 1000)); document.cookie = key + '=' + value + ';expires=' + expires.toUTCString(); }
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.