In the last auction of 2023, the value of the Turkish currency exceeded the level of 29.7 lira per dollar and reached a new historical minimum.
Publika.az reports that this is reported in trade data.
Yesterday, the exchange rate of the national currency fell to 29.47 lira for 1 dollar, which was a historical record. Today, the value of the American currency has reached 29.73 pounds.
Journalists remind that the national currency has depreciated in the last year according to the results of every month except August. Its exchange rate decreased from 20.8 lira to 26 lira for 1 dollar the most in June. At the same time, Recep Tayyip Erdogan, who was re-elected as the head of state, changed the team of the Central Bank against the background of the weakening of the currency and the acceleration of inflation.
According to Mehmet Şimşek, the head of the Turkish Finance Ministry, the country’s authorities do not set targets for the exchange rate that allows the lira to float freely. At the end of October, the price increase in the country decreased by 61.3 percent. On December 21, the Central Bank increased the main discount rate for the seventh time in a row to 42.5 percent.
Tural
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