Date: 7 months ago   Category: Financial

Euro exchange rate has fallen to an annual minimum because of Turkey


Today the dollar together with lira has risen in price for 12% - it is the worst result for the Turkish currency in 17 years. Euro exchange rate has fallen to an annual minimum, Reuters on Friday, August 10 reports. Depreciation of single European currency is explained by a situation in Turkey. The European Central Bank is concerned by the fact that creditors of the EU can suffer because of falling of lira exchange rate. Earlier today the dollar together with lira has risen in price for 12%. It is the worst result for the Turkish currency since 2001 when the country endured an economic crisis. Now she endures crisis in relationship with the USA. Therefore investors bring means out of the Turkish assets, preferring to invest in papers of the U.S. Government and the Japanese yen. It is noted that at the beginning of day the dollar was up to standard 6,21 liras that is a new record minimum for the Turkish currency. We will note, on August 6 the Turkish lira has fallen off to record 5,12 for dollar, having fallen in price since the beginning of year by 25%. Meanwhile, anti-records are established also by Russian ruble. Today dollar exchange rate for the first time since August 3, 2016 has overcome a mark of 67 rubles. At the same time euro exchange rate was 76,89 rubles, having fallen in relation to dollar to a minimum since July, 2017. News from the Correspondent.netv of Telegram. Subscribe for our https://t.me/korrespondentnet channel

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