The Turkish lira touches its weakest level since the December crisis

The Turkish lira fell 1% against the US dollar during trading on Monday, its lowest level since last December, when a currency crisis plunged it to an all-time low after a series of unconventional interest rate cuts. .

The Turkish lira touched 15.10 against the dollar, surpassing the lows reached in March, when it was hit by war concerns in Ukraine.

The lira is now 12% lower than the level at the end of 2021. Last year it had fallen by 44%.

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