Turkish lira hits new record low against US Dollar

Turkish lira hits new record low against US Dollar
Friday 3 December 2021 - 13:18

The Turkish currency slipped to a new all-time low of around 13.8 liras for one US dollar on Friday, according to the trading data.

On Friday morning, the Turkish lira has shed more than 2% of its value and was trading at 13.89 per US dollar as of 09:45 GMT.

In the meantime, the Turkish Central Bank announced the direct foreign exchange intervention via selling transactions due to unhealthy price formations in exchange rates.

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