{"id":55141,"date":"2021-11-18T22:04:40","date_gmt":"2021-11-18T18:04:40","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=55141"},"modified":"2021-11-18T22:04:56","modified_gmt":"2021-11-18T18:04:56","slug":"lira-in-crisis-threatening-economy","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/lira-in-crisis-threatening-economy\/11\/18\/market-updates\/","title":{"rendered":"Lira&#8217;s Crisis Threatening Economy"},"content":{"rendered":"\n<p>The Turkish Lira slides to record low after the country\u2019s central bank cuts rates again. The Turkish lira\u2019s latest drop in value follows a series of rate cuts by the ccentral bank.<br><br>The Wall Street Journal said that currency crisis is shaking Turkey\u2019s economy, imperiling President Recep Tayyip Erdogan\u2019s nearly two-decade-long power and upending living standards in a country that had enjoyed years of growth.<br><br>The lira weakened against the dollar on Thursday, hitting a record 11.30 at one point from 10.57 earlier in the day, after the Central Bank cut its key rate to 15% from 16% and the currency lost more than 6% of its value in one day and more than a third since March.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Turkish Lira slides to record low after the country\u2019s central bank cuts rates again. The Turkish lira\u2019s latest drop in value follows a series of rate cuts by the ccentral bank.The Wall Street Journal said that currency crisis is shaking Turkey\u2019s economy, imperiling President Recep Tayyip Erdogan\u2019s nearly two-decade-long power and upending living standards &hellip;<\/p>\n","protected":false},"author":13,"featured_media":34228,"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":[6969,7121,7775,8070],"class_list":["post-55141","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-growth","tag-lira","tag-turkish-central-bank","tag-turkish-economy"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/55141","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\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=55141"}],"version-history":[{"count":3,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/55141\/revisions"}],"predecessor-version":[{"id":55151,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/55141\/revisions\/55151"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/34228"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=55141"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=55141"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=55141"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}