Business & Economy

Lira situation “not worrying”

The Turkish Finance Minister, Nureddin Nabati, reassured Turkish citizens and investors that the situation of the Turkish lira is not worrisome.
Nabati’s speech came after the Turkish lira witnessed a 7 percent drop today.
Al-Nabati said in televised statements that “the current fluctuations in the lira do not cause concern, and that it will return to normal levels.”
He pointed out that “there were no direct or indirect interventions when he announced a new economic model that pushed the lira to record a strong recovery.”
A week ago, the Turkish lira recorded its lowest level in its history at 18 lira against one dollar.

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