The Turkish lira depreciates against the dollar. The lira has reached a historic low after a change in the rate of the Central Bank of Turkey.
The exchange rate of the dollar against the lira is 11.88 lira.
The Central Bank of Turkey has decided to reduce the discount rate from 16% to 15%.
In mid-October, the lira fell sharply after Turkish President Recep Tayyip Erdogan fired three senior central bank officials, including two deputy governors.
At the end of October, the Central Bank of Turkey decided to reduce the discount rate from 18% to 16% amid a record drop in the Turkish lira exchange rate, which further accelerated the depreciation of the lira.
