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Turkish lira depreciates after credit rating downgrade

Updated : August 20, 2018 05:19 PM IST

According to market values, at 7.40 a.m., one dollar was exchanged for 6.07 liras and one euro for 6.92 lira, declining 1.06 percent and 0.42 percent respectively compared to the values at Friday's close (6.01 lira for one dollar and 6.90 lira for one euro), reports Efe news
The Turkish currency has fallen by around 25 percent this month and the lira has lost more than 40 percent of its value year to date.
Turkish lira depreciates after credit rating downgrade

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