BR100 Increased By (0.35%)
BR30 Increased By (0.1%)
KSE100 Increased By (0.15%)
KSE30 Decreased By (-0.02%)
BECO 5.88 Decreased By ▼ -0.15 (-2.49%)
BML 57.66 Increased By ▲ 4.91 (9.31%)
BOP 33.99 Decreased By ▼ -0.26 (-0.76%)
CNERGY 8.19 Increased By ▲ 0.03 (0.37%)
DCL 11.88 Decreased By ▼ -0.46 (-3.73%)
FCCL 54.00 Increased By ▲ 0.11 (0.2%)
FCSC 5.34 Increased By ▲ 0.12 (2.3%)
FFL 17.93 Decreased By ▼ -0.10 (-0.55%)
FNEL 1.30 No Change ▼ 0.00 (0%)
HUMNL 11.27 Increased By ▲ 0.27 (2.45%)
KEL 8.12 Increased By ▲ 0.01 (0.12%)
KOSM 5.46 Increased By ▲ 0.08 (1.49%)
MLCF 88.38 Increased By ▲ 0.33 (0.37%)
NBP 185.51 Decreased By ▼ -0.97 (-0.52%)
PACE 11.52 Increased By ▲ 0.80 (7.46%)
PAEL 40.65 Increased By ▲ 0.71 (1.78%)
PIAHCLA 26.33 Increased By ▲ 0.16 (0.61%)
PIBTL 17.30 Decreased By ▼ -0.02 (-0.12%)
PPL 232.35 Decreased By ▼ -0.43 (-0.18%)
PRL 34.70 Decreased By ▼ -0.25 (-0.72%)
PTC 67.35 Decreased By ▼ -0.21 (-0.31%)
SEARL 91.60 Increased By ▲ 0.67 (0.74%)
SSGC 27.07 Decreased By ▼ -0.10 (-0.37%)
TELE 8.60 Increased By ▲ 0.03 (0.35%)
THCCL 64.65 Increased By ▲ 4.52 (7.52%)
TPLP 9.45 Increased By ▲ 0.69 (7.88%)
TREET 24.65 Increased By ▲ 0.11 (0.45%)
TRG 72.00 Increased By ▲ 0.25 (0.35%)
WAVES 10.98 Increased By ▲ 1.00 (10.02%)
WTL 1.28 Increased By ▲ 0.02 (1.59%)
اردو
Android App
Print Edition Dollar to PKR
Budget 2026-27 Iran-US war Petrol Prices Gold Rates Podcasts PSX Notices
Markets

Turkish lira plunges 17% after central bank boss sacked

  • It later recovered slightly to sit at 8.09.
Published March 22, 2021 Updated March 22, 2021 10:35am
Save
1 min
comment
By AFP
Add BRecorder as a trusted
source on Google
Google Preferred Source

HONG KONG: The Turkish lira collapsed more than 17 percent Monday after President Recep Tayyip Erdogan sacked the country's market-friendly central bank chief.

The currency fell to as low as 8.47 per US dollar in early trade Monday, having closed at 7.22 at the end of last week, after Naci Agbal was replaced by former ruling party lawmaker Sahap Kavcioglu.

It later recovered slightly to sit at 8.09.

Recep Tayyip Erdogan Turkish lira President Naci Agbal

Comments

Comments are closed for this article.

More Stories

Browse all stories