Turkish currency breaks record low threshold against U.S. dollar

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Turkish currency breaks record low threshold against U.S. dollar

STORY: Turkish currency breaks record low threshold against U.S. dollar DATELINE: March 17, 2023 LENGTH: 00:01:46 LOCATION: ISTANBUL, Türkiye CATEGORY: ECONOMY SHOTLIST: 1. various of Istanbul city in Türkiye 2. various of exchange office 3. various of Turkey's central bank 4. various of people walking on the street 5. various of Murat Tufan, an analyst with Turkish broadcaster Ekoturk STORYLINE: The Turkish currency sank to a record low against the U.S. dollar on Thursday, trading at over 19 Turkish Lira amid local and global uncertainties. After surpassing the resistance level of 19, one dollar stood at 19.01 liras at 2:00 p.m. local time (1100 GMT). The currency has lost about 70 percent of its value against the greenback since the beginning of 2022. Turkish people have long been struggling against rising living costs triggered by a high inflation rate, which hit a 24-year high of 85.51 percent in October 2022. The inflation stood at 55.18 percent in February, but the actual cost of living experience

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