Turkish lira drops to the lowest value since May

Ankara, (ST) - The Turkish lira fell to its lowest value against the dollar since last May.

 
The Turkish lira declined by 0.7 percent to reach 6.14 against the dollar and lost 3 percent of its value so far since the beginning of this year.

The Turkish lira tumbled about forty percent during the past two years and continued its decline as a result of the high levels of foreign debt of Turkey in light of the reckless economic policies of Turkish regime of President Recep Tayyip Erdogan.

 

Raghda Sawas