Political influences continue to pressure the Turkish lira to lose 18% against the dollar in 2018

Political influences continue to pressure the Turkish lira to lose 18% against the dollar in 2018

Thank you for reading the political effects continue to pressure the Turkish lira to lose 18% against the dollar in 2018 and assure you that we always seek to supply you with everything new and exclusive and now go into details RIYADH – The Turkish lira fell to 4.7 lira against the dollar yesterday as emerging-market currencies remained under pressure ahead of a Federal Reserve decision on interest rates and renewed concerns about the political impact on monetary policy. Turkish. The lira lost about 18 percent against the dollar this year, becoming one of the worst-performing emerging-market currencies. The Turkish currency has been hit by concerns over the influence of President Recep Tayyip Erdogan on monetary policy and the upcoming elections. The lira hit 4.6545 against the dollar by 11:09 GMT, down from Tuesday’s close of 4.5950, and the lira briefly touched 4.6975 earlier in the day. The Federal Reserve is widely expected to raise interest rates for the second time this year after a similar move in March, and investors want to see the prospect of tightening monetary policy in the future under current economic growth. Timothy Ash, an expert at BlueBay Asset Management, said in a note: “A range of factors are affecting the Turkish lira, including the Central American and Central European meeting and the upcoming Eid al-Fitr holiday, causing liquidity shortages.” Due to the fact that in the past years Turkey has been a source of great confidence in the region, even at the European level, and is connected to the region. With strong economic relations with various countries of the world, and achieved great economic improvement in all areas, but last year achieved a clear decline in policy, a direct impact on its economy, and before it had lost some of its political and economic stability, In its mid-year 2016. This year, Turkey witnessed a decline in the number of tourists from the Gulf States and some European countries due to various fears and a number of bad and degrading attitudes towards Gulf families. In some Arab and Gulf countries, unofficial invitations to social platforms also called for not traveling to Turkey. Gulf tourists do not represent a large number of Turkey, but they are the most expensive compared to tourists in Europe and Asia, and some of them have real estate units – some for investment – in many Turkish cities. Your browser does not support the video tag. Thank you for reading the news about the political effects that continue to pressure the Turkish lira to lose 18% against the dollar in 2018 on Gulf 365 Please note that the content of the topic has been written by Al-riyadh newspaper It may have been fully transmitted or quoted from it and you can read and follow the news of this source from the main source of the link below Al-riyadh newspaper We are not responsible for the content of this news with best wishes for Happy Day.

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