Syrian Pound and Turkish Lira Decline: Exchange Rates and Gold Prices Today

Syrian Pound and Turkish Lira Decline: Exchange Rates and Gold Prices Today

For the second day in a row, the Syrian pound continued its decline, recording 9,550 pounds against one dollar in the markets of the capital, Damascus. The same applies to the Turkish lira, which fell to 26.19 against the dollar, while the Lebanese pound recorded 94,500 to one dollar. gold prices: Grams of 18 karat … Read more

Turkey’s State-Run Banks Intervene in Foreign Exchange Market to Support the Lira’s Value

Turkey’s State-Run Banks Intervene in Foreign Exchange Market to Support the Lira’s Value

Turkey’s state-run banks returned to the foreign exchange market Monday, selling as much as $1 billion by midday to prop up the lira, following a fresh slide in the currency’s value after last week’s holiday, according to Bloomberg. The currency fell 0.4% on the day and was trading 0.3% lower at 26.08 per dollar at … Read more

The Turkish Lira’s Free Fall After Elections: How Low Can It Sink and What Actions will the Central Bank Take?

Turkish Lira Plummets After Elections: What’s Next for the Currency? 18 Jun 2023 at 17:04 The Turkish lira has experienced a significant decline in value against the euro, losing approximately 20 percent since the recent elections. This raises concerns about the future trajectory of the currency and the actions the Turkish central bank will take … Read more

Turkish Lira Crisis: Can the Currency Still be Considered a Free Float?

The unconventional policies advocated by the 69-year-old president with the aim of achieving growth have led to an 80 percent drop in the value of the lira over the past five years, perpetuating the problem of inflation and the collapse of Turks’ confidence in their currency. Since the painful 2021 crisis, the authorities have played … Read more

Currency exchange rates: The Syrian pound continues to bleed 9/3/2023

The exchange rate of the Syrian pound continued to decline against foreign currencies, reaching the level of 7,500 against one US dollar in the markets of the capital, Damascus. The Turkish lira also fell, recording 18.94 against the dollar, while the exchange rate of the Lebanese pound fluctuated at the level of 80,000 per dollar. … Read more

The exchange rate of the Syrian, Lebanese and Turkish lira 27/2/2023

The Syrian pound maintained its falling exchange rate at the level of 7450 against the dollar in the markets of the capital, Damascus, as well as the Lebanese pound, which recorded 82000 per dollar, and the exchange rate of the Turkish lira remained stable at 18.87 against the dollar. gold prices Grams of 18 karat … Read more

The exchange rates of the Syrian, Turkish and Lebanese pounds 2/18/2023

Syrian Lira The Syrian pound maintained its falling exchange rate at the level of 7400 against the dollar in the markets of the capital, Damascus, and the Lebanese pound recorded 79,000 per dollar, while the exchange rate of the Turkish lira fluctuated at the level of 18.87 against the dollar. Exchange rates in Damascus gold … Read more

The Turkish central bank cuts interest rates by 150 points

The Turkish central bank cut its benchmark interest rate by 150 basis points to 10.5% after annual inflation rose above 83% in September. The Turkish lira lost 29% of its value this year On Thursday, the Turkish central bank cut its benchmark interest rate by 150 basis points to 10.5%, a more-than-expected decline, to continue … Read more

The currency of the lira falls, tourists like a boon for sustenance

Istanbul – Lira Turks it collapsed against the US dollar. However, this phenomenon makes tourists really happy because their holidays are cheaper. From monitoring seconds to travel, The streets of Istanbul, especially in areas with high tourist density such as around the Galata Tower, were crowded at the end of last week. Countless tourists pass … Read more