Turkish lira exchange rate down 6%

On December 16, the Central Bank of Turkey decided to reduce the discount rate to 14% from 15%, which caused a sharp drop in the Turkish currency - on December 20, the US dollar reached a record 18.4 lira. However, on the evening of the same day, the fall in the national currency was replaced by a significant increase, as a result, the lira compensated for the losses of recent weeks.


In January, the Turkish currency was trading at 7.4 lira per dollar, and at the time of reaching a historical minimum, it fell by 60%.

www.anews.az