As reported by RIA Novosti, at the auction on Friday, the Turkish currency fell by 2%.
The day before, Turkish President Tayyip Erdogan replaced the Minister of Treasury and Finance of the republic on Thursday.
Instead of Lutfi Elvan, Nureddin Nebati was appointed to the post of head of the Turkish Ministry of Finance, who speaks in favor of continuing the policy of reducing the discount rate.
Also, the Central Bank of Turkey announced the conduct of new direct foreign exchange interventions against the backdrop of a record fall in the Turkish lira.
On December 3, the international rating agency Fitch downgraded the long-term issuer default rating (IDR) of Turkey in foreign currency from stable to negative at 'BB-'.