Baku / 03.08.18 / Turan: On Thursday, August 2, the rate of the Turkish lira (TL, TRY) passed the psychological barrier - TRY 5 to USD 1 and continued falling.
By the end of trading on the currency exchange the rate was already TRY 5.08 per USD.
The day before, the TRY exchange rate was at the level of TRY 4.8 against the dollar.
The sharp drop in the rate occurred after the US imposed sanctions against the Turkish Ministers of Justice and Interior.
The reason for the sanctions was Ankara's refusal to release the US pastor Andrew Brunson accused by Ankara on charges of having links with Fethullah Gülen.
The pastor has lived in Turkey for more than 20 years and faces up to 35 years in prison, although there is no evidence of his guilt.
The fall of the TRY rate makes Turkey attractive for foreign tourists, who traditionally shop there.
Economic experts predict further decline in the TRY, which is primarily due to Erdogan's unpredictable economic policy and increased risks for foreign capital. The outflow of foreign investments from Turkey is another indicator of unfavorable economic prospects. -02D-
Politics
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Today, on November 8, the national flag of Azerbaijan was once again raised at Flag Square in Baku. This event marks an important moment, especially considering that the flag had already been raised at this location since its opening.
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On November 8, Azerbaijani President Ilham Aliyev emphasized the significance of Azerbaijan's victory in the 44-day Patriotic War and reaffirmed the nation's resolve in defending its territorial integrity and sovereignty. Speaking at the opening of the Victory Park in Baku, Aliyev described the war as a "glorious story" and a "brilliant victory" in which Azerbaijan restored its territorial integrity after decades of occupation.
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Mikail Hajiyev, a member of the Public Council of Talysh People of Azerbaijan (OSTA) and retired colonel, was unable to fly from Baku to Yekaterinburg on November 7, he reported this to Turan news agency.
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Baku's Khatai District Court on 7 November considered a petition to place 'Abzas Media' building director Ulvi Hasanli under house arrest. The hearing took place after the working day at 19.15, lawyer Zibeida Sadygova said. This was due to Hasanli's refusal to participate in the trial online, and he insisted on attending the trial.
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