The dollar rises above 8,16 Turkish Lira

The dollar rises above 8,16 Turkish Lira

US dollar started the new week with rising against Turkish Lira.

The exchange, which closed at the level of 8,00 yesterday, continued its upward movement today and went above 8,16.

In its semi-annual World Economic Outlook, IMF estimates Turkey's economy to contract 5 percent in 2020

Although Turkish government has not imposed a nationwide stay-at-home order, it has closed all education institutions, shuttered many businesses, closed its borders, halted much intercity travel and ordered weekend lockdowns in order to contain the spread of the pandemic in the country. 

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