North Cyprus News | Online News for North Cyprus

Lira slides as Turkey-US relations deteriorate

Lira slides as Turkey-US relations deteriorate

October 11
14:14 2017

The Turkish Lira fell 2.4% and stocks tumbled as much as much as 4.5% early on October 9 after the United States and Turkey cut back visa services, signalling a sharp deterioration in relations between the two NATO allies.

The Turkish currency was hit and stood at 3.7 against the dollar, rising from 3.6160 at the close on October 6. It was quoted as having touched a level of 3.9223 overnight.

The lira also plunged to historic lows against the euro, hitting 4.49 early on October 9 before recovering to 4.33 later.

Hurriyet

*On Wednesday, the lira is 4.8 to UK£

 

Local Weather

Kyrenia, Cyprus
11°
16°
Thu
17°
Fri
17°
Sat
15°
Sun
Weather from OpenWeatherMap

Lira Exchange Rates

USD
USD
3.7766
EUR
EUR
4.6659
GBP
GBP
5.2872

Upcoming Events

  1. Exhibition of Turkish Cypriot Artists

    January 25 @ 9:00 am - February 23 @ 5:00 pm
  2. 112 Afternoon Tea

    February 21
  3. Whirling Dervish

    February 21
  4. North Nicosia Walking Tour

    February 21