Istanbul, Aug 14 () – The meltdown of lira, striking the stock market after resultless coalition summit on August 13, continued the very next day. On August 14, dollar reached 2.8460 liras, exceeding the 2.84 level, and euro reached 3.1728, exceeding the 3.17 level.The ruling Justice and Development Party (AKP) and main opposition Republican People’s Party (CHP) have failed to form a government on August 13.
The dolar that has opened with over 2.77 liras prior to the coalition meeting between PM Ahmet Davutoğlu and CHP leader Kemal Kılıçdaroğlu, hit 2.8209 liras and euro hit 3.1352 liras at the evening hours on Aug 13, over the announcement declaring the efforts have failed to form a coalition government. Meanwhile, loss in stock market has reached 3.0 percent, an index has fallen to 75, 819 score level.
Dollar had hit the previous record high of all time, with 2.8094 liras, on June 8, 2015, over the general elections results striking Turkey.