The Turkish currency recorded today 29 liras to the dollar (Getty Images)
The Turkish lira touched an all-time low on Monday and fell to 29 liras per dollar, before slightly trimming its losses.
The lira has fallen 35 percent year-to-date after authorities eased their exchange rate controls as part of a greater shift toward traditional policies.
Since Hafiza Ghada appointed a new conservative staff to the central bank last June, the Turkish central bank has raised interest rates from 8.5% to 40%.
Official data showed that Turkey's annual consumer price inflation rate rose to 61.98% in November, driven by higher food and transport prices that were slightly below expectations.
Meanwhile, official data showed today that the unemployment rate in Turkey fell 0.5% month-on-month to 8.5% last October, its lowest level in 10 years.
According to data from the Turkish Statistical Institute, the labor force participation rate in the labor market rose slightly in October to 53.1% compared to 53.2% in the previous month.
According to the same data, the number of unemployed throughout Turkey decreased to two million and 961 thousand people, and the data indicated that the percentage of unemployed among males reached 7% and females 11.3%.
Unemployment, which was revised from 9.1 percent to 9 percent in September, has fallen over the past four months.
The unemployment rate is at its lowest level since November 2012 and is away from its mid-2020 high of more than 14%.
Source: Reuters + Anadolu Agency