Erdogan lowers the lira to a record low



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Erdogan lowers the lira to a record low

Фото: Getty Images

The Turkish leader’s statement on Karabakh negatively affected the national currency

The depreciation of the lira is associated with international financial investors’ fears that Turkey could be embroiled in a military conflict between Azerbaijan and Armenia.

The exchange rate of the Turkish lira on Monday, September 28, fell to 7.83 per US dollar, updating the previous historical low of 7.27 lira per dollar, registered in August this year. This was reported by the TASS news agency.

The depreciation of the lira is associated with international financial investors’ fears that Turkey could be embroiled in a military conflict between Azerbaijan and Armenia.

Let us remind you that Turkish President Recep Erdogan said that “the time has come to end the occupation of Armenia”, “you must abandon the occupied lands”, because “everyone knows that these are the lands of Azerbaijan.

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