Turkish lira drops to lowest level since early 2021



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Turkish lira drops to lowest level since early 2021

Reuters

Turkish lira

The Turkish lira fell today, Thursday, reaching a level of 7.5 pounds to the dollar for the first time since January 18, 2021.

The decline was under pressure from global concerns about rising US Treasury yields and concerns about rising inflation in Turkey.

The Turkish lira fell against the dollar to 7.5145, from 7.4550 on Wednesday.

Data showed that annual inflation rose to 15.6% in February.

Source: Reuters



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