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Lira rallies against dollar after ‘Yes’ victory in Turkey

Lira rallies against dollar after ‘Yes’ victory in Turkey

Lira rallies against dollar after 'Yes' victory in Turkey EPA Photo

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.

Source: Daily Sabah

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GoodMorningTurkey.com is your online news source about Turkey which has become one of the most closely followed and frequently discussed countries in the world. Turkey is increasingly becoming involved in world affairs, with its positive economic developments and intercultural interactions. Being strategically located between Asia, Europe and Middle East, geographically Turkey is playing an important role in the world affairs. Turkey has become world focus, and a role model country for many surrounding neighbors as a result of the recent developments and changes in the region.

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