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ISTANBUL: Turkiye lira touched a new all-time low of 33.0450 to the US dollar on Friday, despite a period of relative stability in recent months that came after years of declines.

The currency was some 0.5% weaker at 32.9945 at 0656 GMT, weaker than its close on Thursday but firmer than the record low it hit earlier in the morning.

Volatile yen keeps markets on edge as intervention risks swirl

The currency has shed more than 11% to the greenback so far this year, and more than 40% since the start of 2023.

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test Jul 12, 2024 09:18pm
For years and years i have been saying it "Please trade in Chinese Yuan", "Please trade in local currencies", "Please trade in Euro", "Please trade in Riyal, Dirham". But all in vain. Nobody listened.
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test Jul 12, 2024 09:20pm
Trading in currencies other than dollar is a must and the only way forward for those countries which have dwindling currency and forex reserves. Yuan is the best alternative to dollar and believe that
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