Home / Market Update / Forex Market / The Turkish Lira Drops 1%, With Continuing Losses

The Turkish Lira Drops 1%, With Continuing Losses

The Turkish lira lost more than 1% of its value on Monday, March 29, continuing its sharp decline since President Recep Tayyip Erdogan changed the central bank governor this month, leading to expectations of a loose monetary policy.

The lira was at 8.14 per dollar, down from 8.0775 at the close on Friday. Earlier it was down to 8.17.

Check Also

Euro Holds Firm as France Restores Political Calm, While UK Faces Fiscal Strain

The euro remained stable on Friday, supported by renewed political calm in France after recent …