It has been largely stable since August thanks to
authorities' heavy hand in the forex market, including a decline
of about $9.4 billion in reserves since the first quake hit in
early February.
(Reporting by Ali Kucukgocmen and Nevzat Devranoglu; Editing by
Jonathan Spicer)
ANKARA, March 9 (Reuters) - Turkey's lira weakened to a
fresh record low of 18.9525 against the dollar on Thursday, as
economists weigh the economic impact of the massive earthquakes
that hit Turkey last month.
Presidential and parliamentary elections scheduled for May
14 are adding to uncertainty. They will determine whether Turkey
continues with unorthodox policies under President Tayyip
Erdogan or revert to orthodoxy as promised by the opposition.
The lira lost some 30% of its value against the
dollar last year due to concerns about monetary policy and
fallout from the war in Ukraine.
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