US Dollar And Turkish Lira Exchange Rates Fluctuate Due To Diplomatic Tensions

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US Dollar And Turkish Lira Exchange Rates Fluctuate Due To Diplomatic Tensions

Photo illustration of Turkish Lira in Istanbul, Turkey, on 5 April, 2019. The exchange rate between the United States Dollar (USD) and the Turkish Lira (TRY) remained volatile on 5 April, 2019, as political tensions grew between the NATO allies over foreign policy in Syria, looming economic sanctions relating to Turkey's national bank Halkbank, and Ankara's purchase of the Russian-made S-400 missile system, which has caused discord in Washington DC, where political leaders believe the defense system could collect data on the new F-35 fighter jet being developed for the NATO coalition. (Photo by Diego Cupolo/NurPhoto)


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