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The Turkish lira touched its lowest level ever – today, Monday – and fell to 29 liras per dollar, before slightly reducing its losses.
The lira has fallen by 35% since the beginning of the year until now, after the authorities relaxed their monitoring of exchange rates as part of a greater shift towards traditional policies.
Since appointment Arkan’s utmost wrath New Central Bank Governor Last June, the Turkish Central Bank raised interest rates from 8.5% to 40%.
Official data showed that the rate Inflation Annual consumer prices in Türkiye It rose to 61.98% last November, driven by higher food and transportation prices, which were slightly lower than expected.
Meanwhile, official data today showed a decline in the rate The unemployment In Turkey, 0.5% on a monthly basis reached 8.5% last October, which is its lowest level in 10 years.
Data from the Turkish Statistical Institute reported that the labor force participation rate in the labor market Recorded a slight increase during Last October to reach 53.1% compared to 53.2% in the previous month.
According to the same data, the number of unemployed people throughout Turkey decreased to two million and 961 thousand people. The data indicated that the percentage of unemployed among males was 7% and 11.3% among females.
Unemployment, which was revised from 9.1% to 9% last September, has declined over the past four months.
The unemployment rate is at its lowest levels since November 2012 and has moved away from its highest levels in mid-2020, when it exceeded 14%.
