The Turkish Lira Hit A New All-time Low

Less than 50 liras per $1.

Turkey's national currency hit a new all-time low, falling below the 50 lira per $1 mark. This was reported by the publication Ekonomim.

Experts interviewed by the publication suggest that the dollar could rise to 55 lira. However, in the short term, they do not expect uncontrolled or speculative fluctuations in the foreign exchange market.

Annual inflation in Turkey remained virtually unchanged in October, standing at 29.77%. Prices rose by 2.58% over the month, compared to 1.84% in September; since the beginning of the year, prices have risen by 27.52%, and the average over the past 12 months stands at 31.23%.

On October 22, the Central Bank of Turkey cut its key interest rate by 100 basis points to 36%. This is the first cut since January 2026.

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