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New Turkish Lira under pressure

A graph shows the free-fall of TRY beginning on August 12th with banknotes of 10 and 20 Turkish liras. The New Turkish Lira (TRY) lost more than 40% of its value against the dollar and against the euro after the new sanctions imposed by the USA about the detention of US pastor Andrew Brunson. Even if it regained ground during the week, more is to fear as the ratings agencies Standard&Poor's and Moody's cut Turkey’s sovereign credit ratings deeper into “junk” territory late on Friday 17th August. Toulouse. France. August 19th 2018. (Photo by Alain Pitton/NurPhoto)

Photo Details

Photo ID	#3051402
Date Taken	18 August 2018
Location	N/A
Photographer	Alain Pitton/NurPhoto
Category	Economy, Business and Finance
Copyright	© 2025 NurPhoto - Alain Pitton/NurPhoto

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toulouse france TRY new turkish lira turk lirasi turkish lira dollar USD euro bank money change currency currencies graph turkey finance market financial markets ratings credit ratings free-fall banknote ECB Moody's Standard & Poor's credit sovereign downgrade sanctions pastor andrew brunson

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