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Asharq Al-Awsat

Business

Asharq Al-Awsat

Turkish Lira Hits Record Low

Recep Tayyip Erdoğan Inflation Interest Rates Türkiye

A money changer counts Turkish lira banknotes at a currency exchange office in Ankara, Türkiye September 27, 2021. REUTERS/Cagla Gurdogan

Türkiye’s currency fell to a record low against the dollar before a central bank meeting on interest rates Thursday.

The lira traded at a low of 18.38 against the dollar, past the previous record low of 18.36 in December, before recovering to about 18.36.

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