Turkish Lira Drops To Record Low Against U.S. Dollar As Erdogan Wins Runoff Election
29 May 2023 - 4:17PM
RTTF2
The Turkish lira dipped against the U.S. dollar on Monday, as
Tayyip Erdogan won the country's presidential run-off election on
Sunday.
Erdogan attained 52 percent of the vote in the second round of
voting, whereas his opponent Kemal Kilicdaroglu got 47.86
percent.
The win gives him another five-year term, extending power until
2028.
The Turkish lira touched a record low of 20.07 against the
greenback from yesterday's close of 19.87.
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