Turkish Lira Weakens Against Exchange Rates – BRTK
Exchange rates against the Turkish Lira have seen an increase in value, causing fluctuations in the foreign exchange market in the TRNC. At 13.00, the rates were as follows: American Dollar Buying at 37 TL and Sales at 39.50 TL, Euro Buying at 40.40 TL and Sales at 43 TL, and British Pound Buying at 48 TL and Sales at 51.25 TL.
In Turkey, both gram and ounce prices of gold, as well as the US dollar, have risen significantly against the Turkish Lira, reaching record highs. The gram price of gold saw a surge of over 10 percent, surpassing 4 thousand pounds.
Borsa Istanbul experienced a temporary halt in transactions due to a sharp decline in the index. Once trading resumed, the index was seen to be trading over 5 percent.
Finance Minister Mehmet Simsek addressed the market volatility, stating that the government’s economic program to ensure the healthy functioning of the markets is ongoing.
Meanwhile, global market attention has shifted towards the upcoming interest rate decision by the US Federal Reserve, scheduled to be announced tonight. Traders and investors are eagerly awaiting the Fed’s decision and its potential impact on the global financial landscape.
