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05:41, 20 February 2017 Monday
09:42, 11 January 2017 Wednesday

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Turkish lira sees record low against dollar
Turkish lira sees record low against dollar

Lira trades at 3.8950 against dollar early Wednesday

World Bulletin / News Desk

The Turkish lira hit a new low against the U.S. dollar on Wednesday morning following the central bank's liquidity boost a day earlier.

Turkey's currency fell to a historic low of 3.8950 to the dollar in early Wednesday trading after starting the day at around 3.8220.

The central bank on Tuesday had cut the foreign exchange reserve requirement ratios for lenders as part of efforts to increase cash circulation in the country's economy. The bank also said it was monitoring excessive volatility in the markets and would take necessary measures to counter unhealthy price developments.

Wednesday's drop in the lira to the dollar is the latest record low to beset the currency since the new lira was introduced in a 2005 revaluation. It comes amid anxiety over proposed constitutional changes and heightened terror threats.



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Press agenda on February 19
Press agenda on February 19

Here are the main topics World Bulletin’s English Desk plans to cover Sunday Feb. 19, 2017 (coverage may change depending on developing/breaking stories): BAGHDAD Iraqi forces launch an offensive on jihadists defending Mosul's west bank, in what could be the most brutal fighting yet in a four-month-old operation on the city. 700 words 0530 GMT by Ammar Karim and Jean-Marc Mojon US-militant-Egypt-prison,2ndlead WASHINGTON The sheikh Omar Abdel Rahman, an Egyptian-born cleric linked to the 1993 World Trade Center bombing, dies at 78 in a US prison facility after a long battle with diabetes and coronary artery disease. 650 words moved by Maggy Donaldson. File Picture Ukraine-Russia-conflict,WRAP MOSCOW A truce between government forces and pro-Russian rebels in eastern Ukraine will come into force Monday, Moscow and Kiev say, though some separatists are already labelling it unfeasible. 500 words moved by Anais Llobet Entertainment-film-festival-Germany,WRAP BERLIN Hungary's "On Body and Soul", a love story set in a slaughterhouse, wins the Golden Bear top prize at the Berlin film festival, Europe's first major cinema showcase of the year. 700 words moved by Deborah Cole. Picture. Video Also moved: Entertainment-film-festival-Germany-prizes,FACTS Entertainment-film-festival-Germany,POINTS Entertainment-film-festival-Germany-winners,CHRONO -- ASIA -- NKorea-Malaysia-diplomacy-community,SCENE KUALA LUMPUR Malaysia's only North Korean restaurant promises a glimpse into life in the reclusive state but it has been shuttered since news broke of the assassination of leader Kim Jong-Un's brother, with security guards turning customers away. 650 words 0600 GMT by Elizabeth Law. Picture. Video -- AMERICAS -- US-politics-Trump-Melania,lead MELBOURNE, Florida First Lady Melania Trump, usually a demure and soft-spoken presence at her husband's side, breaks with form, reciting the Lord's Prayer before issuing a scathing rebuke of his enemies and her critics at a campaign-style stop in Florida. 600 words moved by Michael Mathes with Stephanie Griffith in Washington. Picture. Video. US-media-politics-technology WASHINGTON As President Donald Trump warns of a crackdown on US government leaks to media, interest is growing in technology tools that allow sources to share information anonymously. 750 words moved by Rob Lever Venezuela-politics-opposition-US CARACAS Venezuela and the United States lock horns again over political prisoners held by Caracas, including over the detention of a jailed opposition leader whose supporters took to the streets of the capital to demand his release.