Mon, 29 May 2023 11:13:27 GMT
Lira hits record low level
The Turkish Lira has reached a record low level against peer currencies. The USD/TRY traded above 20.0750 during mid-European hours.
The drop of the currency was caused by the re-election of Recep Rayyip Erdogan as the country's President. Erdogan has extended his rule in Turkey for a third decade.
In general, the re-election of the current head of state