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Why Did the Dollar Rise:
Dollar and Euro Prices in Turkey 2021

Will the Dollar Rise More?

Dollar raised after the change of president of Central Bank of the Republic of Turkey (CBRT). USD / TL rose to 8.35 in the first transactions at the CBRT's opening of Asian markets. In the first quotations in Asia, dollar / TL increased by 16 percent. USD / TL rose to 8,3880 with an increase of 16.2 percent as of 21:38.

 

The dollar / TL exchange rate closed last week at the 7.21 level.

Naci Agbal from the Presidency of the Central Bank was dismissed and Sahap Kavcioglu became president of the Central Bank of the Republic of Turkey (CBRT) with the signature of President Recep Tayyip Erdogan. As a result of this replacement, the dollar was raised.

 

How Much was the Dollar and Euro on Monday, March 22?

 

The dollar, which rose to Turkish Liras 8.38 after the dynamism in Asian markets, moved around Turkish Liras 8.07 as of 08:00 in the morning. Euro, on the other hand, was traded in the 9,59 Turkish Liras band as of 08:00 in the morning. However, at 09:00 in the morning, the dollar stretched to 7.79 Turkish Liras, while the Euro fell to the 9.25 Turkish Liras band ... Dollar prices moved around 7.81 Turkish Liras at 09:30, and the Euro moved around 09:15 Turkish Liras.

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