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Which nation's currency fell to a record low on November 24, 2021?
A)
Japan
B)
Nepal
C)
Turkey
D)
Israel

Correct Answer : Option (C) - Turkey


Turkish Lira tumbled to a record low against the US dollar on November 24, 2021 increasing worries about Turkey's monetary policy.
 
The Lira fell down to an all-time low of 13.45 against the US dollar on November 23rd and weakened as far as 13.15 on November 24th before moving slightly up to 13.05.                                                                    
 
Lira's tumble comes amid worries over soaring inflation and another economic fallout. The currency has hit record lows in 11 consecutive sessions, falling by nearly 43 percent since the start of the year. The currency saw an almost 24% decline since the beginning of last week.

Published On : November 24, 2021
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