Turkish Lira Advances on President Erdogan’s Assurance
Turkish Lira made record intraday rally after President Erdogan laid out plans to maintain stability of the currency 
Turkish Lira made record intraday rally after President Erdogan laid out plans to maintain stability of the currency
21 ธ.ค. 2564

Turkish lira advanced as much as 15% on Thursday after President Tayyip Erdogan laid out series of step to stabilize the currency.
Lira opened today on a lower note then advancing to a high of 11.0935 per dollar in early trade. Later, the currency reached 13.92 at 0856 GMT, according to Reuters.
In a speech on Monday, Erdogen laid out several steps that would ease the burden of a weakened currency and encourage Turkish citizen to hold lira savings rather than dollars.
The government also promised to guarantee deposits in lira, sending the currency advance by 25% marking a record intraday rally.