Turkish currency hits historic low against U.S. dollar

STORY: Turkish currency hits historic low against U.S. dollar SHOOTING TIME: Jan. 11, 2024 DATELINE: Jan. 12, 2024 LENGTH: 00:01:10 LOCATION: ISTANBUL, Türkiye CATEGORY: ECONOMY SHOTLIST: 1. various of Istanbul city in Türkiye 2. various of exchange office 3. various of Turkish Central Bank, Turkish lira 4. various of people walking on street in Istanbul, Türkiye STORYLINE: The Turkish currency hit an all-time low against the U.S. dollar on Thursday, trading at over 30 liras per dollar. One dollar was traded at 30.01 liras at 10:25 a.m. local time (0725 GMT). The Turkish currency has lost over 37 percent of its value since last year and depreciated by 1.6 percent against the dollar in the first 10 days of 2024. Murat Sagman, an economist and portfolio manager, recalled that it was only in 2013 that a dollar was worth 2 liras. Economist Duran Bulbul warned that the dollar exchange rate may move towards 40 liras soon, under such challenges as high inflation. "The greenback will first smash th

Turkish currency plunges to new low against USD, signaling fresh inflation

STORY: Turkish currency plunges to new low against USD, signaling fresh inflation DATELINE: May 25, 2022 LENGTH: 00:01:55 LOCATION: ISTANBUL, Turkey CATEGORY: ECONOMY SHOTLIST: 1. various of exchange office in Istanbul, Turkey 2. various of Istanbul 3. various of exchange office in Istanbul, Turkey 4. various of clerk in exchange office counting U.S. dollars 5. various of employee in Turkey's central bank, 6. Turkey's central bank, Istiklal Street 7. various of cars moving in the city, people walking on the street 8. various of people shopping STORYLINE: The Turkish currency plunged to 16.17 on Tuesday morning against the U.S. dollar and lost over 1 percent of its value in 24 hours, signaling new price hikes in the upcoming month. After surpassing the resistance level of 16.00, one dollar stood at 16.09 Turkish liras at 3:45 p.m. local time (1245 GMT). The currency has lost almost 60 percent of value against the greenback since 2021. According to Murat Sagman, a portfolio manager and economist, the lates