Time in Yerevan: 11:07:36,   6 December

Turkish lira drops to record low after US sanction threat, row with France

Turkish lira drops to record low after US sanction threat, row with France

YEREVAN, OCTOBER 26, ARMENPRESS. The Turkish currency slid further on October 26 to an all-time low against the U.S. dollar after President Recep Tayyip Erdogan dared the US to impose sanctions over his government’s decision to test its Russian-made air defense system and on the background of Ankara’s tensions with Paris and the EU after the insults to French President Emmanuel Macron.

The lira dropped another 1.3% to 8.06 against the dollar, a day after Erdogan dared Washington to impose sanctions after the NATO-member country tested the S-400 air defense system it purchased from Russia.

Editing by Stepan Kocharyan

 

 





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