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Turkish lira touches all-time lows

The Turkish lira continued to decline, to record an unprecedented low on Monday

The Turkish lira plunged to an unprecedented low of 9.85 against the dollar on Monday, after President Recep Tayyip Erdogan said at the weekend that he had ordered the expulsion of ambassadors of the United States and nine other Western countries.

And the lira recorded in the latest trading of 9.7150, and it was in a range between 9.7225 and 9.7600 at 0402 GMT.

Bankers attributed the drop in early trade to Erdogan’s comments on Saturday.

The lira , which has fallen 24 percent since the beginning of the year, ended Friday at 9.5950, Reuters reported

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