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Mubasher: Turkey's currency has risen by about 1% compared to its US counterpart on Tuesday, thus continuing its fourth daily gain since the decision to sharply reduce interest rates.
The Turkish lira has gained about 3% over the last four trading days.
Turkey's national currency has gained momentum since the central bank announced its biggest rate cut since 2002.
The central bank decided to cut interest rates by 425 basis points, to 19.75 percent, in the first decision of the new governor Murad Oiseal, who took office in the context of the sudden dismissal of the bank. Former governor.
Turkish Finance and Finance Minister Perat Al-Bayraq told reporters today that Turkey would see a sharp reduction in interest rates, but that it is not we who are going to determine this margin.
He added that the country's central bank was taking action and monitoring the data, pointing out that inflation would end the year without the government's target of 15.9%, partly because budget overruns.
At 15:37 GMT, the Turkish lira against the US dollar rose 1%, bringing the green card to 5.5888 lira.
The Turkish currency has gained about 2.7% against the dollar since the fall in interest rates in the country.
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