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Print Print 2020-02-13

Turkish lira weakens

Turkey's lira weakened nearly 0.8% on Wednesday to its lowest point since last May, after President Tayyip Erdogan warned Syrian government forces against targeting more Turkish soldiers in northwestern Syria.
Published 13 Feb, 2020 12:00am

Turkey's lira weakened nearly 0.8% on Wednesday to its lowest point since last May, after President Tayyip Erdogan warned Syrian government forces against targeting more Turkish soldiers in northwestern Syria.

The death of 13 Turkish soldiers in Idlib province in just one week as a result of shelling by Syrian government forces has raised concern of wider conflict between the neighbouring countries.

The lira stood at 6.0545 at 1603 GMT, weakening from a close of 6.0170. Earlier, it declined as much as 0.79% to 6.0650, its weakest level in regular trading since May 28.

Copyright Reuters, 2020

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