In Türkiye … the lira rising against the dollar

The Turkish lira rose in front of its American counterpart, in trading on Thursday, and this came after the Turkish Central Bank’s decision to reduce the interest rate.

The exchange rate of the Turkish currency has increased yet. The decision to 36,4258 pounds for the dollar, and for comparison, the Turkish currency closed its previous trading at 36,4348 pounds for the dollar, according to the data of the Bloomberg agency.

The Turkish currency increased after the Turkish Central Bank reduced today, Thursday, the interest rate by 250 basis points to 42.5% from 45%. (Russia today)