The Central Bank of the Republic of Turkey (CBRT), which held a meeting yesterday, reduced interest rates. This decision, which is said to have been made to combat inflation, caused the Turkish lira to lose value in an instant. However, this did not surprise anyone. It was a well-known fact that lowering the interest rate would cause the Turkish lira to lose value. . .
The Central Bank’s interest rate decision, in particular, caused the dollar rate to skyrocket. On the other hand, there were also increases in the euro and gold. However, the fact that everything from the technological products we use to the food we import is indexed to the dollar, of course, further highlighted the rise of this currency.
The dollar, which was traded at 8.65 levels, jumped up to 8.86 after the CBRT decision.
The interest rate decision announced yesterday caused the dollar rate, which had been hovering around 8.60 for a while, to break a record after a record. The dollar, which reached 8.80 after the announcement of the decision, then fell a little, pinned to 8.86 in the past hours. Of course, this situation drew the reaction of all citizens. In particular, social media users made numerous posts using the dollar hashtag. We have compiled some of those posts for you. . .
Social media reactions to the rise of the dollar
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