mobanmarketThe Indian rupee on Friday breached 71-mark for the first time and if the fear of experts is anything to go by, the rupee hasn’t touched the nadir yet and worst days are ahead. But Indian rupee isn’t the only currency gasping for breath in theglobal economy, other currencies too have been performing badly to such an extent that these countries are now staring at theeconomic crisis.
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Turkey’s Lira is one of those currencies and a lot has been written about it.
Here is the list of currencies which are performing badly against the US dollar at present.
1. Turkish Lira
Since March, Turkey has been facing steep devaluation of its currency Lira against the US dollar. Today, Lira is stationedat 6.457438 against one USD and this value used to be around 3.46 Lira against US dollar if we go by the average of last half a decade.