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The depreciation of the Turkish Lira (TRY) has gained pace. The exchange rate of the US dollar topped 9.97 TRY today, on November 11.

The exchange rate of the US dollar increased from 8.43 to 8.65 Turkish Lira last week. Ahead of the Monetary Policy Committee meeting, where it will be decided whether the policy rate will remain unchanged or not, the dollar saw 8.72 earlier today.

Presidential Spokesperson Kalın has responded to Trump’s National Security Advisor Bolton’s statements. Kalın has said, “Bolton’s words prove that the US has waged an economic war against a NATO ally”.

The exchange rate of US Dollar, which was around the level of 5.07 Turkish Lira when the markets closed on Friday, has become 5.18 Turkish Lira on the first day of the week, hitting another record high.