Turkish lira falls to 21 against the dollar

Turkish lira fell by about one percent today, Monday, to record 21 lira per dollar, in a fragile first reaction to the appointment of Muhammad Simsek, who is highly regarded, as Minister of Finance in Turkey.

According to Reuters, the Turkish lira traded at 21.1 against the dollar in the Asian financial markets. The price was not far from the record low level it recorded against the dollar last week, as it reached 21.8 per dollar.