Turkish Lira depreciates to record low against US dollar

The Turkish Lira depreciated and hit an all-time low against the dollar September 26, marking a loss of 21 percent of its value since the beginning of the year. The lira dropped to a record of 1.865 liras September 26, primarily due, according to experts, to increasing concerns about the European sovereign debt crisis.

Turkey’s Central Bank appears contend with the soft Lira for the present

Source: Hurriyet Daily News

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