The Turkish lira was steady on Friday after rebounding from a record low the day before, but concerns loomed over the country's depleted currency reserves and foreign financing needs as the coronavirus pandemic slows economic activity.
The currency stood at 7.1075 at 0831 GMT, weakening slightly from a close of 7.1000 on Thursday, when it hit an all-time low of 7.2690 during the trading day.
The lira has lost some 18% this year under pressure from the novel coronavirus, which has killed more than 3,600 people in Turkey.
Comments
Comments are closed.