Publisher: Maaal International Media Company
License: 465734
Tuesday, 29 April 2025
Turkish lira weakens 2% against dollar
The Turkish lira weakened some 2% early on Thursday, eating into the huge gains made in the previous week as investor worries about the country’s monetary policy outlook persisted.
The lira TRYTOM=D3 dipped to 12.9 per dollar by 0510 GMT from a close of 12.61 on Wednesday. Despite surging more than 50% last week after state-backed market intervention, it has lost 42% of its value this year.
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