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Supervisor Elham AbolFateh
Editor in Chief Mohamed Wadie
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Turkish Lira Falls to All-time Low


Fri 27 Dec 2024 | 09:34 AM
Turkish Lira
Turkish Lira
Taarek Refaat

The Turkish lira fell below 35.2 against the US dollar in late December, its lowest level on record an all time to record a decline of 16.3% over the year, under pressure from weak growth, lower interest rates by the central bank, and a decrease in intervention to support the currency.