Turkish lira plumbs a record law ahead of announcing the economic program

Shafaq News / The Turkish lira hits, on Tuesday, a new record low as Caucus conflict intensifies and investors hesitate to await the medium-term economic plan to be announced by the Minister of Economy, Berat Al-Bayrak.

The lira tumbled to 7.8450 against the dollar, retreating from 7.81 on Monday. The lira has fallen by 24% since the beginning of this year due to concerns about the depletion of Turkey's foreign exchange reserves and negative interest rates.