ترڪي اسٽاڪ ايڪسچينج بند ٿيڻ کان پوءِ ليرا نئين سطح تي غرق ٿي ويو

ترڪي’s currency has collapsed amid heavy pressure from صدر رجب طيب اردگان تي ترڪي مرڪزي بئنڪ to lower borrowing costs to boost growth of the country’s struggling economy.

خميس تي، ترڪي جي جمهوريه جي مرڪزي بئنڪ announced it was cutting the key interest rate from 15% to 14%, despite inflation running at 21%.

جمعه تي، ترڪي‘s stock exchange halted trading after the national currency fell below 17 lira per US dollar.

“As of 16.24 (Istanbul time) transactions have been temporarily halted on the market of all shares of our stock exchange,” the exchange said in a statement.

Since September, central bank has cut the key interest rate by 400 basis points. Over the past two years, the regulator has intervened three times to keep the lira afloat by selling dollars.

ترڪي ليرا 2021 جي شروعات کان وٺي آمريڪي ڊالر جي مقابلي ۾ اڌ کان وڌيڪ قدر وڃائي چڪو آهي.