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Friday, March 1, 2024

Turkish Lira witnesses another record fall

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The Caspian Times is a platform that showcases stories and perspectives from across Eurasia. We aim to inform, inspire and empower our readers with high-quality journalism that covers the diverse and dynamic region.

Turkish lira witnessed another record crash of 7% around 15 Lira equal to one dollar. The central bank expected to cut interest rates.

Turkish President Erdogan keeps pressing the central bank to cut the interest rate despite record inflation. Under Erdogan’s rule, Turkey is facing the worst economic crisis, highest inflation and the devaluation of the Lira.

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