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Asharq Al-Awsat

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Asharq Al-Awsat

Turkish Lira Falls to Record Low Near 19 to the Dollar

Recep Tayyip Erdoğan

Woman holds Turkish Lira banknotes in this illustration taken May 30, 2022. REUTERS/Dado Ruvic/Illustration

Türkiye's lira weakened to a fresh record low of 18.9620 against the dollar on Thursday.

Presidential and parliamentary elections scheduled for May 14 are adding to uncertainty. They will determine whether Türkiye continues with unorthodox policies under President Tayyip Erdogan or reverts to orthodoxy as promised by the opposition.

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Makkah Control Room established for Indian Umrah pilgrims amid Saudi flight disruptions

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One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

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