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Turkish lira falls to record low

Turkey's currency has fallen to a new low, amid fears that the central bank will cut interest rates again this week.

Turkey's lira currency has fallen to its lowest ever level, amid fears that the country's central bank will once again cut interest rates this week. We hear from Turkish economist Murat Sagman on why the lira has lost half of its value over the past 12 months.

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(Picture: Turkey's lira currency. Picture credit: Getty Images)

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27 minutes

Last on

Mon 13 Dec 2021 22:32GMT

Broadcast

  • Mon 13 Dec 2021 22:32GMT