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US Dollar hits 11 month-high against Turkish Lira

by Daily Sabah

ISTANBUL Dec 15, 2014 - 12:00 am GMT+3
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by Daily Sabah Dec 15, 2014 12:00 am
The U.S. dollar reached 2.3248 against the Turkish Lira, its highest rate in eleven months, on Monday.

The increase in the dollar was a result of last week's political developments in Turkey and global moves of The U.S. Dollar and oil prices.


September's unemployment figures also impacted upon the negative trend in the markets.

The rate reached2.39 on January 29, again due to political developments and criticism against Turkey's Central Bank's (CBRT) interest policies, but has not been as high since then.
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  • Last Update: Dec 15, 2014 3:12 pm
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