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Turkish Lira Record Low
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Market updateMarket Pulse, Midday Monday, Shahrivar 2, 1405; The Dollar Crosses 201,000 Tomans and TEDPIX Sets a Fresh Record, Hours After Bessent Announces Washington's Largest Economic Attack on Iran
The free market dollar reached 201,810 tomans on Sahmino's board today, Monday, Shahrivar 2, 1405, and 18 karat gold set a fresh record with a 2.63 percent gain, while TEDPIX also built a third straight record high. The simultaneous jump in both safe haven and risk assets came hours after US Treasury Secretary Scott Bessent announced the start of Washington's largest economic attack on Iran; oil is trading down about 2 percent.
NewsTurkish Lira Hits Fresh Record Low of 47.76 Against the Dollar on Wednesday; Turkey's Central Bank Releases Its Quarterly Inflation Report Tomorrow
The Turkish lira touched a fresh all-time low against the US dollar on Wednesday evening, August 12, 2026, crossing 47.75, even as annual inflation eased for a fourth straight month. The Central Bank of the Republic of Turkey (TCMB) releases its quarterly Inflation Report tomorrow, Thursday, August 13, a release that has historically moved the lira. The move matters for Iran's market too, since much of Iran's overland import trade and outbound travel runs through Turkey.