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The Turkish lira is suffering new losses after the Eid al-Adha holiday

2018-08-27 11:28 am | Resource: News | No Views : 348

The Turkish lira suffered fresh losses on Monday as the local exchange reopened after closing last week due to Eid al-Adha celebrations. Investors are also expected to comment Turkish Finance Minister Berat Berk scheduled for later today, after concluding

Met with his French counterpart Bruno Le Mer in Paris. Al-Bayrak is expected to indicate whether the government is considering tightening monetary policy to support the lira, which has been declining since the beginning of a diplomatic dispute between Turkey and the United States over the US detention of the US shepherd.
  • The US dollar rose 4.14% against the Turkish currency at 1:00 pm CET to 6.2574 Turkish lira. Meanwhile, the euro rose 4.06% against the lira, selling to 7.2810 Turkish liras at the same time.

Erdogan, May discuss trade relations and bilateral relations

Turkish President Recep Tayyip Erdogan discussed bilateral relations and trade relations with British Prime Minister Theresa May, Turkish CNN reported on Monday. The two leaders agreed that the finance minister, Finance Minister Perat Al-Bayrak and Treasury Secretary Philip Hammond would meet as soon as possible.

Last week, it was reported that the UK is dedicated to working to strengthen relations with Turkey in an effort to develop a bilateral free trade agreement. According to the British Chamber of Commerce in Turkey Chris Gonte, "There are clear opportunities to continue and strengthen our business relationship as we look to the future, once the UK leaves the EU and develop an independent trade policy."

Erdogan visits Iran for Syria

Turkish President Recep Tayyip Erdogan's office announced on Monday that he would visit Iran on September 7 to meet with Russian and Iranian leaders to discuss the situation in Syria. This is the second meeting after the two presidents met in Ankara last April.

Iran, Russia and Turkey are the guarantors of the peace process in Astana, which began after the partial ceasefire that came into effect on 30 December 2016.


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