The rate of the Turkish lira fell to historical minimum

Baku / 10.08.18 / Turan: On the morning of August 10, the rate of the Turkish lira fell to the dollar by 13%, to the historical minimum - 6, 1 per dollar. Later, the rate rose slightly to 5.9 lira per dollar, CNBC reported.

The night before, Turkish President Erdogan said that such hesitation should not disturb the people. "Different campaigns are conducted against us - do not pay attention to them, do not forget: they have dollar, and we have Allah and our people," he said. In relation to the euro, the lira exchange rate also decreased significantly, to 6.8 lire.

The direct cause of the lira collapse was the failure of the mission of the Turkish delegation to the United States in the case of US pastor Andrew Brunson, who was arrested in Turkey on charges of complicity with the FETO organization, which Ankara considers the organizer of a coup attempt in 2016.

In addition, the Financial Times wrote about the growing concern of the European Central Bank with the vulnerability of the Turkish economy, where inflation is growing, and the government is not taking steps to change the situation. Significant negative impact on the situation is worsening relations between Ankara and Washington, and the sanctions that the US is imposing against Turkey. -02D-