HomeEconomyTurkish Lira has become...

Turkish Lira has become the worst currency in the world

Photo: Getty images

Lira has lost more than 5% in relation to the dollar, which becomes the world’s weakest currencies in similar ownership.

Turkish financial markets are experiencing shocks following the restraint of the Istanbul Ekrem Imamoglu mayor, which is considered the main opponent of President Recep Tayyip Erdogan. It was written by Bloomberg on Wednesday, March 19.

It was noted that investors began to widely sell properties, which led to the collapse of shares and lira.

The Borsa Istanbul 100 opening index fell 6.9%, which is why the suspended bidding is suspended. After recovery of the passage, 4.6%reduced.

The profitability of the 10-year government bond increased by 175 main points by 29.94%. Lira has lost more than 5% in relation to the dollar, which becomes the world’s weakest currencies in similar ownership.

Until recently, investors in the world have positively evaluated the Turkish ownership, which relies on improving the economic situation and closer relationships with the European Union. However, political uneasy has destroyed this optimism.

Remember that the mayor of Istanbul is confined as part of the investigation of possible connections to corruption and terrorism. This happened shortly before he was appointed a presidential election candidate in 2028.

Investors are widely selling shares of Indian companies

News from CORRESPONDENT.NET On the telegram and whatsapp. Subscribe to our channels https://t.me/KorresPondentNet and WhatsApp

Source: korrespondent

- A word from our sponsors -

Most Popular

LEAVE A REPLY

Please enter your comment!
Please enter your name here

More from Author

- A word from our sponsors -

Read Now

When you debut season two of ‘Daredevil: Reborn’?

Find out what is the release date of the second season of the Disney series+ starred by Charlie Cox, 'Daredevil: Reborn'With the success of the first season of 'Daredevil: Reborn', Disney's continuation for the Netflix series released a decade ago, the showrunner DARIO SCARDAPANE confirmed through its...

5 Doramas with Nam Joo Hyuk

Discover 5 doramas with different premises that just like 'twenty -five, twenty -one have the presence of Nam Joo Hyuk in the castSouth Korean actor and model NAM JOO HYUK He made his TV debut through the 2014 drama "Surplus Princess". However, one of the most emblematic...

USA and Ukraine can write on pale on endlessly – Trump

The USA and Ukraine can sign a mineral agreement next week. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action: Manipulation; } This was announced today, on Thursday, April 17, said US President...

The movie written by the actress of ‘Buffy’ before you die

Find out what was the movie Michelle Trachtenberg, actress of 'Buffy, The Vampire Hunt', wrote the script before she diesActress who was in both series and movies, Michelle Trachtenberg He began his career still in childhood, and had his debut on TV marked by the role in...