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Turkish lira weakens to 15.16 against dollar

Category: Economy

Date: 2022-05-10T09:33:22+0000
Turkish lira weakens to 15.16 against dollar

Shafaq News/ The Turkish lira dipped a further 0.4% against the dollar on Tuesday, extending losses a day earlier and bringing the currency back towards the lows which it hit in late December after a series of unorthodox interest rate cuts.

The lira weakened as far as 15.1620 by 0630 GMT from a close of 15.09 on Monday. It has weakened 13% this year, in addition to a 44% slide in 2021.

Source: Reuters

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