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
-
On 26 July "Platform III of the Republic" made a statement which drew attention to the unlawful seizure of electronic devices of underage children of the arrested head of this structure Akif Gurbanov.
-
From 19 to 26 July, 24 automatic rifles, 1 machine gun, 9 rifles, 28 grenades, 441 shells, 3118 cartridges of different calibre and other ammunition were found in Khankendi, the Azerbaijani Interior Ministry reported. During the mentioned period, the police found 1 machine gun, 50 grenades, 7 fuses, 3 shells and 320 cartridges of different calibre in Shusha.
-
President Ilham Aliyev has approved by decree the Azerbaijan-Kazakh intergovernmental agreement on cooperation in military intelligence defense sector. The document was signed in Baku on 7 June 2024.
-
At the trial of the opposition politician Tofig Yagublu, the statement of Elnur Vaqifoglu, another accused, was heard at the Baku Serious Crimes Court.
Leave a review