Turkish Lira with renewal of trading on Monday, March 22, marked with a sharp drop in relation to the main foreign currency. As evidence of the exchange data, it has lost more than 9.6% to the cost. This is reported by TASS.
At the same time, the first trades of the exchange day temporarily collapsed it by 15%, but the situation began to stabilize with increasing volume of trading.
Such volatility, according to experts, is associated with the decision of the President of Turkey Recep Tayyip Erdogan to send the head of the Central Bank Nazi Agbala to resign. The appropriate Decree President signed on Saturday after Last week Agbal raised the discount rate from 17% to 19%. Erdogan previously opposed to increasing this key indicator, considering such a measure harmful to the economy. Shahap Kavgioglu came to the agbala place.