Turkish Lira The second day in a row beats the record of his fall, depreciating to 16.19 liters for $ 1. This is evidenced by online data from stock trading.
From the beginning of the year, the Turkish currency was devalued by doubled that it became one of the largest costs of the cost of Natsawlyts in recent years.
The fall of the lira is even more accelerated by the fact that the central bank reduced the discount rate by another 1%, despite the growing level of inflation. So, in the coming months, it is expected that the level of consumer goods inflation will exceed 30%, and the accounting rate of the Central Bank reduced to 14%. This situation leads to the fact that the population and business translate the LIRA to dollars, which ultimately leads to an increase in demand for foreign currency.
According to economists, in the near future, the central bank will not have a different tool, except for continuing direct interference in the market to influence the dollar rate, which is considered a temporary measure.