According to trade data, the Turkish lira is still depreciating against the dollar and is reaching a historic low.
At the moment, one US dollar is worth 9.83 liras.
The Central Bank of Turkey cut the discount rate from 18% to 16% on Thursday, October 21, causing the lira to depreciate to a record level against the dollar.
The Central Bank made the decision to reduce the discount rate due to record high inflation - in September; price growth accelerated to 20%.