market-update No. 99-2021 sultanas
2021-12-21 | Our Turkish shipper withdraw all offers with immediate effect
Yesterday evening, President Erdogan held a speech and declared that the Turkish government would compensate all revenue losses for import companies and protect private savors from the devaluation of the Turkish Lira. During the speech, the Lira improved by 22 % from TRY 18,00 for 1 USD up to TRY 14,00. The Turkish Lira continued the rally during the night and quoted TRY 11,00 for 1 USD. This morning we are at TRY 12,08 for 1 USD.
Yesterday evening, President Erdogan held a speech and declared that the Turkish government would compensate all revenue losses for import companies and protect private savors from the devaluation of the Turkish Lira. During the speech, the Lira improved by 22 % from TRY 18,00 for 1 USD up to TRY 14,00. The Turkish Lira continued the rally during the night and quoted TRY 11,00 for 1 USD. This morning we are at TRY 12,08 for 1 USD.