Turkish lira records a new bottom and no light on the...

The Turkish lira weakened to new lows against the dollar after the central bank raised its expectations for the rate of inflation in the current and next years.

The lira recorded its lowest level ever at 8.2655 against the US currency by 09:08 GMT, and the currency closed at 8.1875 pounds yesterday and lost about 28% since the beginning of this year.

The central bank raised its inflation forecast to 12.1% from 8.9% today, saying that its expectation that inflation will record a downward trend in the second half of the year has not materialized.

The tension in relations with the United States, the dispute with France, the dispute between Turkey and Greece over maritime rights and the battles in Nagorno-Karabakh have weakened the lira.

These were the details of the news Turkish lira records a new bottom and no light on the... for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.

It is also worth noting that the original news has been published and is available at saudi24news and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.

PREV ICC proposes first global rules on sustainable trade finance
NEXT The Ministry of Health authorizes the emergency use of the “Pfizer-Biontech”...