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Turkish lira loses ground due to the pandemic

  • by Contact us
  • 2 years ago
  • News
  • 0

Let’s introduce you the current rate of the local currency: 


1 euro = 7.22 Turkish liras

1 US dollar = 6.69 Turkish liras


According to experts, by the end of 2020, the situation may worsen; 1 dollar will be equal to 7 Turkish liras. 


The situation is exciting, but no one is surprised at it. The decline in production and exports due to Covid-19, the impact on the tourism sector, 12% of the country’s entire economy – all this provokes a noticeable decline of the lira. 

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