The Turkish lira continued today, Friday, its decline against the dollar, setting a record low that it had not reached before.
NINA correspondent stated that the Turkish lira recorded this morning in the local stock exchanges 2521 liras for every 100 US dollars, while it recorded 2756 for every 100 euros.
He pointed out that most of the commodities and foodstuffs are constantly on the rise to cope with the abnormal rise of hard currencies and the deterioration of the value of the Turkish lira.
This new decline in the value of the Turkish lira came a few hours after the Turkish Central Bank announced a hike in the interest rate by 650 basis points, or from 8.5 to 15 percent, on repo operations for a week.
The Central Bank of Turkey, at the conclusion of its meeting yesterday, Thursday, decided to raise the interest rate to 15 percent, stressing that it will support the monetary tightening policy gradually when necessary, and to the extent necessary, until a significant improvement in inflation expectations is achieved.
Source: National Iraqi News Agency
