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Al Jazeera
Al Jazeera
World

THE TRUTH ABOUT: Why is the turkish lira s value still falling - The Untold Story

Recep Tayyip Erdoğan Mehmet Simsek Al Jazeera Hafize Gaye Erkan Interest Rates
[Dado Ruvic/Illustration/Reuters]

Turkish President Recep Tayyip Erdogan’s historic run-off re-election raised hopes for economic stability and appreciation of the Turkish lira against the US dollar.

However, after the May 28 vote, the lira’s value continued a slow decline, reaching a value of 23.3 to the dollar on June 7.

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