{"id":77497,"date":"2022-12-23T16:00:07","date_gmt":"2022-12-23T12:00:07","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=77497"},"modified":"2022-12-23T16:00:09","modified_gmt":"2022-12-23T12:00:09","slug":"turkish-lira-hit-a-record-low-of-18-7-against-usd","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/turkish-lira-hit-a-record-low-of-18-7-against-usd\/12\/23\/market-updates\/","title":{"rendered":"Turkish lira hit a record low of 18.7 against USD"},"content":{"rendered":"\n<p>The Turkish lira fell to a new record low of 18.7 against the dollar on Friday, extending its losses this year, which exceeded 29 percent, despite Ankara&#8217;s efforts to implement new policies to tighten control over the local currency exchange rate.<\/p>\n\n\n\n<p>The lira fell 44 percent in 2021, mainly due to a series of large interest cuts, despite high inflation.<\/p>\n\n\n\n<p>The currency became less affected by monetary policy decisions due to a program to protect lira deposits from currency depreciation and the government&#8217;s indirect sales of foreign exchange to the market.<\/p>\n\n\n\n<p>The lira has remained relatively stable since August, despite interest rates being cut again this year by 500 basis points to 9 percent, despite inflation approaching 85 percent.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Turkish lira fell to a new record low of 18.7 against the dollar on Friday, extending its losses this year, which exceeded 29 percent, despite Ankara&#8217;s efforts to implement new policies to tighten control over the local currency exchange rate. The lira fell 44 percent in 2021, mainly due to a series of large &hellip;<\/p>\n","protected":false},"author":9,"featured_media":34416,"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":[8473,6987,8494,7095],"class_list":["post-77497","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-consumer-inflation","tag-inflation","tag-inflationary-pressures","tag-turkey"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/77497","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=77497"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/77497\/revisions"}],"predecessor-version":[{"id":77498,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/77497\/revisions\/77498"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/34416"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=77497"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=77497"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=77497"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}