By 9:30 a.m. GMT, she had backed off Turkish lira Slightly, it settled at 7.3400 against the dollar.
The lira hit a record low of 7.3650 on Friday, slipping 19 percent against The US dollar Since the beginning of the year, it is one of the worst performing emerging market currencies.
وقال Turkish Finance Minister Innocent of Al-Birq Luqna "CNN Turk", Wednesday evening, the lira "It will go down and go up".
و .ضاف Excuse me Competitiveness is more important than the level of the exchange rate, indicating that the economy may contract by as much as 2 percent this year.
It was a network "Bloomberg" It revealed, Wednesday, that investors do not trust me Turkish economyDespite the Turkish president’s attempt, Recep Tayyip ErdoganPaint a positive picture of the state of banks.
According to the source, investors look with suspicion at the situation of banks, in Turkey, in light of the significant decline of the lira.
Bonds of 3 lending institutions fell in TurkeyAfter its circulation fell to levels described as the"Disturbing", During the last days.
Bonds have been affected in this way, because investors do not have confidence in the ability of debtor institutions to meet their obligations, that is, to repay their loans.
Last month, the bonds of any company in Turkey did not reach the alarming level that was reached recently, amid calls for urgent measures to be taken to save the situation.
Experts believe that the recent decline of the lira brings to mind what happened in 2018, when the lira plunged in a record and unprecedented way, especially in light of the tense relations with Washington.
During the current year, the Turkish lira fell by 18 percent to reach 7.22 against the dollar, with the close of trading on Tuesday.
He favored experts in a bank "Goldman Sachs" That the pound fluctuates between 7.75 and 8 pounds against the dollar, during the next three or six months.
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The Turks are rushing to buy foreign currency In recent weeks, analysts have called for tougher measures, such as an official tightening of monetary policy to stabilize the market and confront deeper economic problems, according to Reuters.
By 9:30 a.m. GMT, she had backed off Turkish lira Slightly, it settled at 7.3400 against the dollar.
The lira hit a record low of 7.3650 on Friday, slipping 19 percent against The US dollar Since the beginning of the year, it is one of the worst performing emerging market currencies.
وقال Turkish Finance Minister Albayrak acquitted the channel “CNN Turk”, on Wednesday evening, that the lira “will fall and rise”.
و .ضاف Excuse me Competitiveness is more important than the level of the exchange rate, indicating that the economy may contract by as much as 2 percent this year.
The Bloomberg Network revealed, on Wednesday, that investors do not trust me Turkish economyDespite the Turkish president’s attempt, Recep Tayyip ErdoganPaint a positive picture of the state of banks.
According to the source, investors look with suspicion at the situation of banks, in Turkey, in light of the significant decline of the lira.
Bonds of 3 lending institutions fell in TurkeyAfter its trading fell to levels described as “worrying”, in recent days.
Bonds have been affected in this way, because investors do not have confidence in the ability of debtor institutions to meet their obligations, that is, to repay their owed loans.
Last month, the bonds of any company in Turkey did not reach the alarming level that was reached recently, amid calls for urgent measures to be taken to save the situation.
Experts believe that the recent decline of the lira brings to mind what happened in 2018, when the lira plunged in a record and unprecedented way, especially in light of the tense relations with Washington.
During the current year, the Turkish lira fell by 18 percent to reach 7.22 against the dollar, with the close of trading on Tuesday.
Experts at “Goldman Sachs” bank suggested that the pound would fluctuate between 7.75 and 8 pounds against the dollar, during the next three or six months.
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