© Reuters. The Turkish lira falls to a new all-time low of 11.5 lira / euro
Istanbul, Nov 16 (.) .- The Turkish lira has accentuated the downward trend of the last two weeks this Tuesday, depreciating until the euro was changed by 11.56 units, and the dollar by 10.14 liras, with which the currency Turkish is at a new all-time low.
The depreciation reaches almost a whole point with respect to the value of last weekend, and 4.6% so far this month.
The new downward path of the lira began last September, after a year of ups and downs, when the Central Bank reduced interest rates, leaving them in October at 16%, that is, below the interannual inflation rate, which stands at around 19%.
The announcement yesterday, Monday, of the Spanish bank BBVA (MC 🙂 of its intention to launch an offer to acquire shares on the 50.15% of the share capital of the Turkish bank Garanti (IS 🙂 that it does not yet own, triggered optimism in the Turkish financial markets.
On the Istanbul Stock Exchange, the upward trend continued on Tuesday morning, when the BIST 100 index opened with 1,721 points, more than 1% compared to yesterday’s close (1,702 points).
The official website of the stock market reveals that among the five companies that have benefited the most in the first moments of today is Garanti, whose shares appreciated by 6.1% when each title was listed at 12.35 lire after the opening of the session.
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