Turkish lira drops record amount

Turkish lira drops record amount

The national currency of Turkey fell a record amount against the backdrop of a failed coup attempt, mass dismissals in the army, courts and prosecutor's office.

The lira dropped to 3.08 per the US dollar after the S&P rating agency announced the reduction of the credit rating of Turkey, which is a minimum rate since September 2015.

Experts believe that the national currency of Turkey may continue falling due to the political instability in the country.

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