Today, Tuesday, the Turkish lira continued to deepen its losses against the dollar, the day after it fell below the level of 8 liras per dollar, which represented a critical psychological barrier for investors, according to German News Agency.
The agency said that according to Bloomberg news agency data, the pound fell during today's trading to less than 8.1 pounds to the dollar.
The continued decline of the lira comes in light of low interest rates, and a decline in the interest of foreign investors in Turkish assets, amid anticipation of the possibility of imposing sanctions on them by the United States, the continuation of conflicts in the eastern Mediterranean and the Caucasus, and the economic repercussions of the Corona pandemic.
Last Thursday, the Turkish central bank kept the main interest rate unchanged, contrary to the expectations of analysts who expected to raise it to control inflation and support the lira.