{"id":56832,"date":"2021-12-14T13:01:44","date_gmt":"2021-12-14T09:01:44","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=56832"},"modified":"2021-12-14T13:01:46","modified_gmt":"2021-12-14T09:01:46","slug":"the-turkish-lira-is-falling-again-after-a-record-drop","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/the-turkish-lira-is-falling-again-after-a-record-drop\/12\/14\/market-updates\/","title":{"rendered":"The Turkish Lira is Falling Again After a Record Drop"},"content":{"rendered":"\n<p>The Turkish lira pared its decline slightly after falling by 4% on Tuesday, December 14, after a day in which it plunged to record lows on concerns about President Recep Tayyip Erdogan&#8217;s new economic policy and the prospects of another interest rate cut this week.<\/p>\n\n\n\n<p>The lira touched 14.4 against the dollar, before regaining some of its losses and recording 14.192 by 06:05 GMT.<\/p>\n\n\n\n<p>The lira plunged 7% to a record low near 15 before changing its course after the central bank intervened for the fourth time in two weeks to support it.<\/p>\n\n\n\n<p>The lira has lost about 50% of its value since the beginning of the year due to the massive monetary easing from the central bank, which has included a 400 basis point cut in interest rates since September, which Erdogan has urged.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Turkish lira pared its decline slightly after falling by 4% on Tuesday, December 14, after a day in which it plunged to record lows on concerns about President Recep Tayyip Erdogan&#8217;s new economic policy and the prospects of another interest rate cut this week. The lira touched 14.4 against the dollar, before regaining some &hellip;<\/p>\n","protected":false},"author":9,"featured_media":55780,"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":[7095],"class_list":["post-56832","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-turkey"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/56832","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=56832"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/56832\/revisions"}],"predecessor-version":[{"id":56833,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/56832\/revisions\/56833"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/55780"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=56832"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=56832"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=56832"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}