Turkish Lira rallies against US dollar after Erdogan victory

The lira jumped by more than 3.5 percent as Turkey secures President Recep Tayyip Erdogan with vast new executive powers

Turkish Lira rallies against US dollar after Erdogan victory

World Bulletin / News Desk

 The lira rallied to its highest level against the dollar in just under three weeks after Turkey's referendum ended Sunday with victory for the ‘Yes 'campaign.

The lira strengthened more than 3.5 percent in Asian trade Sunday, from 3.74 to 3.63 against the greenback. 

Turks voted 51.37 percent in favor of proposed changes to the country’s Constitution.  The reforms will, among other changes, usher in an executive presidency. 

Turnout across the country was 87 percent. 

The referendum Sunday asked voters to decide on an 18-article reform package that included a switch from a parliamentary to a presidential system.

Güncelleme Tarihi: 17 Nisan 2017, 10:54
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