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2020-05-08 11:40:00

THE TURKISH LIRA 7.1

THE TURKISH LIRA 7.1

REUTERS - MAY 8, 2020 - The Turkish lira was steady on Friday, after hitting a record low in the previous session, as investors were cautious about depleted currency reserves and the need for foreign financing as the COVID-19 pandemic hits the economy.

The currency stood at 7.1050 at 0600 GMT, easing slightly from a close of 7.1000 on Thursday, when it hit an all-time low of 7.2690.

The lira has lost some 18% this year under pressure from the novel coronavirus, which has killed 3,641 people in Turkey.

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Tags: TURKEY, LIRA