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Turkish lira takes breather from the worst nosedive in 20 years

The lira's rebound comes after an 11-day slide

Bloomberg

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Turkish Lira (Photo: Bloomberg)

1 min read Last Updated : Nov 25 2021 | 1:20 AM IST

One of the highest-level visits between Turkey and the United Arab Emirates in years is giving the lira a reprieve from a freefall. President Recep Tayyip Erdogan is meeting Abu Dhabi Crown Prince Sheikh Mohammed Bin Zayed Al Nahyan in Ankara, and the two nations are expected to sign cooperation deals for their wealth funds and stock exchanges.