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Today, Thursday, the Turkish lira fell, hitting a level of 7.5 for the first time since January 18, under pressure from global concerns about high yields on US Treasuries and the rise of the dollar. inflation in Turkey.
The Turkish lira fell against the dollar to 7.5145, near its 2021 low, from 7.4550 on Wednesday, when data showed annual inflation rose to 15.6% in February.
But by 9:00 GMT, the Turkish Lira had recovered slightly to 7.48, but it was still below the level it ended last year, which is 7.44.
In addition, data from the Ministry of Commerce showed on Tuesday that Turkey’s trade deficit stood at $ 3.36 billion in February, an increase of 10.7% from the previous year, while exports jumped 9.6% to a monthly record.
Exports rose to $ 16.012 billion last month, while imports rose 9.8 percent to $ 19.37 billion, according to data also announced by Commerce Minister Rohsar Bakjan at a conference of hurry.
In 2020, indicators for the Turkish economy were negative as the country’s trade balance remained in deficit in January, which ended.
The trade balance deficit (the difference between the value of exports and imports) stood at $ 3.075 billion last January.
In January, the value of Turkish exports reached $ 15.048 billion, compared to $ 14.7 billion in the corresponding period last year, and the increase in exports is due to the rise in the value of goods. re-exported to the Turkish market.
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