TODAYSZAMAN.COM – Turkish lira hits another historic low against dollar

Turkish lira hits another historic low against dollarThe Turkish lira has further lost strength against the US dollar on Tuesday, sinking to a new historic low of 25400 against amid concerns that US Federal Reserve will reserve to a rate hike.As Turkish lira plunged to fresh low at 18:24 Turkish time, Central Bank unleashed a $50 million currency sale tender to stop the further bleeding.

Turkish lira broke its own historic record earlier on Tuesday by weakening to 25090 against USD. Economists say domestic political concerns have part in the plunge of the Turkish lira.

SOURCE: Today’s Zaman