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The Turkish lira depreciates for the seventh consecutive session

Adel 13 May, 2022 11:56 am Forex Market, Market Update

The Turkish lira fell for the seventh consecutive session against the dollar on Friday, bringing its losses to nearly five percent since last Wednesday, and heading towards its record lows last December.

The lira fell to 15.4675 against the US currency and settled at 15.4410 per dollar at 0707 GMT.

The lira lost about 15 percent of its value this year, in addition to its 44 percent decline in 2021.

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