Turkish Lira Rallies After Finance Minister Resigns

Fahad Shabbir (@FahadShabbir) Published November 09, 2020 | 02:37 PM

Turkish lira rallies after finance minister resigns

The Turkish lira, one of the world's worst performing currencies, gained around 2.5 percent against the dollar Monday after Berat Albayrak stepped down as finance minister

Istanbul (UrduPoint / Pakistan Point News - 9th Nov, 2020 ) :The Turkish lira, one of the world's worst performing currencies, gained around 2.5 percent against the Dollar Monday after Berat Albayrak stepped down as finance minister.

The lira was 8.19 against the dollar at 0800 GMT, after opening the day at around 8.40.

In an unexpected move, Albayrak, finance minister since 2018, resigned late Sunday citing health concerns.

"After serving in ministerial posts for nearly five years, I took the decision not to continue my duty (as finance minister) due to health issues," he said in a statement on his official Instagram account.

Facebook Twitter Reddit Pinterest Whatsapp

Prize Bonds

PSX 100 Index

Currency Rates

Gold Prices

Petrol Prices

Crypto

Recent Stories

Under training officers visit Special Branch Headq ..

Under training officers visit Special Branch Headquarters Roberts Club

Industries promotion can help eliminate unemployme ..

Industries promotion can help eliminate unemployment : Sindh Minister for Indus ..

Step afoot to ensure durable peace in Balochistan: ..

Step afoot to ensure durable peace in Balochistan: Ziuallah

PML-N office torching cases: ATC summons PTI leade ..

PML-N office torching cases: ATC summons PTI leaders, others for indictment on M ..

Oman, UAE deluge 'most likely' linked to climate c ..

Oman, UAE deluge 'most likely' linked to climate change: scientists

CRBC tender to be floated by June; Chief Minister ..

CRBC tender to be floated by June; Chief Minister Khyber Pakhtunkhwa Sardar Ali ..

122 cases registered against accused involved in d ..

122 cases registered against accused involved in drug trafficking

Models, poster and quiz competition held at AIOU

Models, poster and quiz competition held at AIOU

Passco GM, deputy visit wheat procurement centers ..

Passco GM, deputy visit wheat procurement centers in Burewala

Non-Muslim Pakistanis enjoy freedom, state patrona ..

Non-Muslim Pakistanis enjoy freedom, state patronage: Kundi

Dengue Control Committee gathers in Jhang

Dengue Control Committee gathers in Jhang

BHP launches $38.8 billion takeover bid for rival ..

BHP launches $38.8 billion takeover bid for rival Anglo American