Tensions resulted in relationships with United State And the dispute with France and the dispute with Greece over maritime rights and battles in Nagorny Karabakh This caused investor concern, which negatively affected the currency’s performance.
A trader in the exchange market at a local bank said: “It is escalating Geopolitical tensions With the United States andEuropean Union It is a new source of pressure to weaken the lira. Other factors are doubts about the reliability of monetary policy and the appropriateness of the return on the lira.
The Turkish lira has lost 26 percent this year and more than half its value since the end of 2017, making it the worst performing currency in emerging markets.
Foreign investors sold $ 13.3 billion of Turkish shares and bonds during the current year, and this level is the highest since 2005.
Experts point out that Turkey has spent its cash reserves faster than any other economy in the process of developing, in its efforts to support the country’s currency, which raises concerns about Turkey’s financial situation during the coming period, especially in the risks of Washington imposing sanctions on Ankara.
These were the details of the news A “strong blow” to Turkey’s economy … the lira scores “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 eg24.news 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.