Turkish lira falls to record low against dollar

The Turkish lira dropped to its lowest rate – 2.7420 – against the dollar.

Turkish lira falls to record low against dollar

The fall came after Turkey’s Central Bank announced two days earlier that a key interest rate would remain unchanged at 7.5 percent, despite expectations the rate would be raised to address the lira’s fall against the dollar.

The lira reached 2.71 against the dollar immediately after Wednesday’s announcement.

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