The Turkish lira fell against the dollar to a new record high of 19.93 pounds per dollar, with the approaching date of the Turkish presidential re-election round.
The Turkish currency lost 44% of its value in 2021, and 30% in 2022.
The run-off of the Turkish presidential elections is scheduled to take place next Sunday, May 28, when President Recep Tayyip Erdogan will compete against opposition candidate Kemal Kılıçdaroğlu.
The economic situation, inflation and high prices in Turkey are among the main factors that will determine the direction of voters.
This article was originally published by RT.