Turkish lira devaluation all time high
current situation in Turkey
life after currency down
Alarming situation in Turkey
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Turkey’s lira edged near to its record low on Friday, triggering direct central bank intervention selling dollars, after ratings agency Fitch revised the country’s outlook to “negative” from “stable” over risks created by recent monetary policy easing.
lira saw the level of 14 against the dollar last week, the lender intervened twice in the market by selling the United States currency.

Both interventions began as the exchange rate rose above 13.8.

The CBRT announces foreign exchange interventions to the public on the same day, with the amounts published 15 days later.

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