Politics

Turkish lira reaching anti-record again

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The exchange rate of the Turkish lira against the US dollar on December 6 is falling moderately, approaching a historic low, Report informs referring to RIA Novosti.

The Turkish currency fell by 1% at the trading. As of 11:15 a.m. (GMT+4), the rate was 13.83 lira per US dollar.

The national currency of Turkey has fallen in price over the year by more than 40%, and on November 23 reached a new anti-record value, falling from 11.37 to 13.21 liras per US dollar. Such a sharp decline in the cost of the lira is the strongest in the last 20 years. It happened after the regulator decided on November 18 to reduce the discount rate to 15% from 16%.

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