Turkish lira hits record low of 20 vs dollar

Ankara, May 26 (BNA): The Turkish lira fell to a record low of 20 against the dollar today, Friday.

The lira touched 20.00 against the greenback at 0508 GMT and continued to swing near this level. It closed at 19.8695 on Thursday and is down 6.4% so far this year.

Turkish sovereign dollar bonds and stocks have fallen, while the cost of securing exposure to Turkish debt has risen since the first round of the presidential elections on May 14.


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