Azerbaijan, Baku, Sept. 11 / Trend, A. Taghiyeva /
The dollar rate in Turkey, which has recently sharply strengthened due to the political situation in the region, will significantly drop by late 2013, head of the Turkish Central Bank Erdem Basci said, Sabah newspaper reported today.
According to Basci, the dollar rate compared to Turkish lira will reach the level of 1.9200 lira by late 2013.
"Turkey's foreign reserves hit $132 billion," he said. "So, there are no problems associated with the exchange of foreign currency in Turkey."
As of September 11, 2013, the rate of the dollar compared to the lira is 2,0285 TRY / USD, while yesterday it was 2,0315 TRY / USD. A year earlier, the country's official exchange rate was set at 1,8119 TRY / USD.
The growth trend of the dollar rate compared to the Turkish lira can be observed since early summer of this year. The Turkish Ministry of Economy told Trend earlier that the reason for the sharp rise in the dollar rate in Turkey is a complex political situation in the region.