Cyprus Mail
Banking and FinanceBusinessInternationalTurkey

Turkey’s lira slides further to 17.1 against dollar

turkish lira

The Turkish lira weakened 0.5 per cent against the dollar early on Wednesday, hit by broad strength in the U.S. currency and by investor concerns about soaring inflation and economic policies to deal with it.

The lira, which lost 1 per cent of its value a day earlier, slipped as far as 17.1 from a close of 17.02 on Tuesday. It has lost 23 per cent of its value against the dollar this year, on top of a 44 per cent slump last year.

Follow the Cyprus Mail on Google News

Related Posts

“Nurturing the talents of tomorrow”: Adsterra Backs Up the 2nd Youth Tech Fest Cyprus 2024

Souzana Psara

Comparing European loans: What borrowers need to know

CM Guest Columnist

Oil extends losses on easing Middle East tension, demand concerns

Reuters News Service

Minister welcomes IMF debt ratio revision — Cyprus to reach key figure a year earlier

Kyriacos Nicolaou

Top 3 exchange coins to invest in for April 2024: BNB, Kronos, DTX Exchange

CM Guest Columnist

Construction material prices fall from previous year

Souzana Psara