{"id":52822,"date":"2021-10-15T14:55:37","date_gmt":"2021-10-15T10:55:37","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=52822"},"modified":"2021-10-15T14:55:41","modified_gmt":"2021-10-15T10:55:41","slug":"the-turkish-lira-continues-to-record-low-historical-levels","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/the-turkish-lira-continues-to-record-low-historical-levels\/10\/15\/market-updates\/","title":{"rendered":"The Turkish Lira Continues to Record Low Historical Levels"},"content":{"rendered":"\n<p>Turkey\u2019s lira dropped to a record low on Monday as a stronger U.S. dollar weighed on emerging market currencies, a<\/p>\n\n\n\n<p>After President Recep Tayyip Erdogan fired three central bank policymakers, the Turkish lira fell to a new record low against the dollar, with investors worried about the prospects of further monetary easing despite rising inflation.<\/p>\n\n\n\n<p>The lira lost as much as 0.4% of its value to an all-time low of 9.2250 against the US currency, recorded 9.2100 after the opening of European markets. The Turkish currency has plunged 19% so far this year.<\/p>\n\n\n\n<p>Two of the three central bank officials dismissed on Thursday were opposed to cutting the interest rate by 100 basis points to 18 percent last month. Their dismissal was considered a prelude to further easing monetary policy as soon as next week.<\/p>\n\n\n\n<p>Analysts saw the move as further evidence of political interference by Erdogan, who has previously described himself as an enemy of interest rates and often urges monetary stimulus.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Turkey\u2019s lira dropped to a record low on Monday as a stronger U.S. dollar weighed on emerging market currencies, a After President Recep Tayyip Erdogan fired three central bank policymakers, the Turkish lira fell to a new record low against the dollar, with investors worried about the prospects of further monetary easing despite rising inflation. &hellip;<\/p>\n","protected":false},"author":9,"featured_media":37851,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[7738,7121,7740,7739,7136],"class_list":["post-52822","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-erdogan","tag-lira","tag-rate-cut","tag-syria","tag-tensions"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/52822","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=52822"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/52822\/revisions"}],"predecessor-version":[{"id":52823,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/52822\/revisions\/52823"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/37851"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=52822"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=52822"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=52822"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}