Turkish central bank issues brief statement as lira hits record low

CBRT
The Central Bank of the Republic of Turkey
Photo: CBRT

Turkey’s currency hit its lowest ever level against the US dollar today (August 6), while the country’s central bank issued a brief statement.

The Turkish lira reached 7.21 against the dollar as market concerns about the country’s macroeconomic management rose. The lira also hit its lowest ever level of 8.6 against the euro during the day’s trading.

The Central Bank of the Republic of Turkey issued a short and uninformative statement, attempting to strike a confident note before acknowledging

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