Page 4 - Tim Ash News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Türkiye’s lira plunged 7% to a record low on Wednesday in its biggest daily selloff since a historic 2021 crash, as the newly-elected government appeared to loosen stabilising measures in its pivot to more orthodox policies. The lira has come under pressure since President Recep Tayyip Erdogan was re-elected on May 28. It stood at 22.98 against the dollar at 0735 GMT. Earlier it touched a record low of 23.16, bringing its losses this year to more than 19%.

Turkey’s lira plunged 7 per cent to a record low on Wednesday in its biggest daily selloff since a historic 2021 crash, a move traders said is a “strong signal” that Ankara is moving away from state controls toward a freely traded currency. The lira has come under increasing pressure since President Tayyip Erdogan was re-elected on May

Turkish lira drops 7pc, signalling move towards free market

The Federation of Saudi Chambers (FSC) and the Investment and Development Agency of Latvia (LIAA) have signed a memorandum of understanding (MoU) to promote trade and investment between the Kingdom of Saudi Arabia and the Republic of Latvia. The signing ceremonies were held during the Saudi-Latvian Business Forum, which was organized by the FSC.

Turkey's lira has plunged 7% to a record low in its biggest daily selloff since a historic 2021 crash, as the newly elected government appeared to loosen curren