{"id":57513,"date":"2021-12-28T11:02:16","date_gmt":"2021-12-28T07:02:16","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=57513"},"modified":"2021-12-28T11:02:19","modified_gmt":"2021-12-28T07:02:19","slug":"the-turkish-lira-is-falling-after-record-highs","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/the-turkish-lira-is-falling-after-record-highs\/12\/28\/market-updates\/","title":{"rendered":"The Turkish Lira is Falling After Record Highs"},"content":{"rendered":"\n<p>The Turkish lira fell after record highs over five days, disregarding the messages of reassurance from the government.<\/p>\n\n\n\n<p>The currency fell 6.2% to 11.3399 per dollar, on a weak trading day, and since the beginning of the year, the lira has lost 34% of its value, which is the largest decline among emerging market currencies.<\/p>\n\n\n\n<p>President Recep Tayyip Erdogan said on Friday that the lira would &#8220;gradually&#8221; stabilize after taking measures to support it, including a new tool to protect lira deposit holders.<\/p>\n\n\n\n<p>Erdogan&#8217;s statements indicate that the government is seeking to direct the exchange rate below the level of 9 to the dollar, according to Aksoy. He said Turks continue to buy foreign currency despite official assurances.<\/p>\n\n\n\n<p>Confidence among Turkish manufacturers declined in December, according to central bank data released on Monday, due to currency fluctuations.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Turkish lira fell after record highs over five days, disregarding the messages of reassurance from the government. The currency fell 6.2% to 11.3399 per dollar, on a weak trading day, and since the beginning of the year, the lira has lost 34% of its value, which is the largest decline among emerging market currencies. &hellip;<\/p>\n","protected":false},"author":9,"featured_media":39688,"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-57513","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\/57513","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=57513"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/57513\/revisions"}],"predecessor-version":[{"id":57514,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/57513\/revisions\/57514"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/39688"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=57513"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=57513"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=57513"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}