15/5/2023 – | Last update: 5/15/2023 12:21 PM (Mecca Time)
The Turkish lira fell to its lowest level in two months as financial markets began trading in the aftermath of the presidential and parliamentary elections that took place on Sunday, and after the presidential race headed towards a run-off.
The lira fell to 19.70 against the dollar, before it compensated for some of its losses and reached 19.65 against the dollar, heading towards recording its worst session since early November.
This was not far from the level of 19.80 liras against the dollar, which was recorded by the Turkish currency after the devastating earthquake that struck the country on February 6.
The lira has fallen 5% since the beginning of the year, and has lost about 95% of its value over the past decade and a half.