You may also hearken to the article in an audio model. Turkey, statistically some of the widespread vacationer locations for Czechs, has not too long ago been scuffling with a significant financial scare. Inflation within the nation elevated by greater than 75 p.c 12 months on 12 months in Could this 12 months. The extent … Read more
The Turkish lira touched its lowest level ever today, Monday, December 11, and fell to 29 liras per dollar. The lira has fallen by 35 percent since the beginning of the year until now, after the authorities loosened their grip on exchange rates as part of a greater shift towards traditional policies. After adopting unconventional … Read more
For the second day in a row, the Syrian pound continued its decline, recording 9,550 pounds against one dollar in the markets of the capital, Damascus. The same applies to the Turkish lira, which fell to 26.19 against the dollar, while the Lebanese pound recorded 94,500 to one dollar. gold prices: Grams of 18 karat … Read more
Turkey’s state-run banks returned to the foreign exchange market Monday, selling as much as $1 billion by midday to prop up the lira, following a fresh slide in the currency’s value after last week’s holiday, according to Bloomberg. The currency fell 0.4% on the day and was trading 0.3% lower at 26.08 per dollar at … Read more
Turkish Lira Plummets After Elections: What’s Next for the Currency? 18 Jun 2023 at 17:04 The Turkish lira has experienced a significant decline in value against the euro, losing approximately 20 percent since the recent elections. This raises concerns about the future trajectory of the currency and the actions the Turkish central bank will take … Read more
The unconventional policies advocated by the 69-year-old president with the aim of achieving growth have led to an 80 percent drop in the value of the lira over the past five years, perpetuating the problem of inflation and the collapse of Turks’ confidence in their currency. Since the painful 2021 crisis, the authorities have played … Read more
The exchange rate of the Syrian pound continued to decline against foreign currencies, reaching the level of 7,500 against one US dollar in the markets of the capital, Damascus. The Turkish lira also fell, recording 18.94 against the dollar, while the exchange rate of the Lebanese pound fluctuated at the level of 80,000 per dollar. … Read more
The Syrian pound maintained its falling exchange rate at the level of 7450 against the dollar in the markets of the capital, Damascus, as well as the Lebanese pound, which recorded 82000 per dollar, and the exchange rate of the Turkish lira remained stable at 18.87 against the dollar. gold prices Grams of 18 karat … Read more
Syrian Lira The Syrian pound maintained its falling exchange rate at the level of 7400 against the dollar in the markets of the capital, Damascus, and the Lebanese pound recorded 79,000 per dollar, while the exchange rate of the Turkish lira fluctuated at the level of 18.87 against the dollar. Exchange rates in Damascus gold … Read more