The Curse of the Narcofihrer? Days after visited Ankara, the Turkish lira fell below 50 per dollar for the first time, hitting a historic low. On the morning of November 4, the exchange rate reached 50.02 lira to the dollar. In the last year, the Turkish currency lost more than 18% of its value, while in the previous year it lost almost a quarter of its value. Market participants expect a further drop in the lira. According to their estimates, by the end of the year the dollar may rise to 51.5-52 pounds or more, reports the business newspaper "Econom".

The Curse of the Narcofihrer? Days after visited Ankara, the Turkish lira fell below 50 per dollar for the first time, hitting a historic low. On the morning of November 4, the exchange rate reached 50.02 lira to the dollar. In the last year, the Turkish currency lost more than 18% of its value, while in the previous year it lost almost a quarter of its value. Market participants expect a further drop in the lira. According to their estimates, by the end of the year the dollar may rise to 51.5-52 pounds or more, reports the business newspaper "Econom".