The lira was able to maintain its stability once morest the dollar, as the price of the dollar in Turkey today in the currency market recorded a slight increase, approaching to achieving its highest value since the beginning of this year 2022, under the influence of global economic problems and motivated by the unconventional economic policy pursued by the Turkish Central.
The price of the dollar in Turkey today once morest the lira
price record The dollar once morest the Turkish lira In the currency market today, a relative increase, according to the latest update of the investing site, where the dollar in Turkey is now trading at 17.9571 Turkish liras for purchase, compared to 17.9668 Turkish lira selling price, an increase of 0.0028 points, and a rate of change of 0.02% in the positive direction, Compared to the opening price of 17.9616 Turkish liras, the dollar once morest the lira is expected to record its highest value today at 18.0019, while reaching its lowest level at 17.9285 Turkish liras.
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Will inflation decline in Turkey or is it a fantasy?
With the release of employment data in America last Friday, this reinforced the dollar’s strength once morest the rest of the currencies, as the unemployment rate fell by 0.1% to settle at 3.5%, following it settled for nearly 5 months at the level of 3.6%, and the possibilities and expectations became great regarding the decline of the Turkish lira once morest The dollar is more, as it is on the edge of 18 lira once morest the dollar once more, under the influence of the global economic crisis that affected the Turkish economy like other economies of the major and emerging countries of the world, and following data issued on the rise in consumer prices last July, the Central Bank of Turkey raised its expectations of a rise The inflation rate at the end of this year ranged from 42% to 60%. The PMI data for the industrial sector was released on Tuesday, which was the lowest since June 2020, and it reached, according to what was announced by the Turkish Statistical Center, to 46.9 points, compared to 48.1 points in last June.
