Turkish lira up 3% against US dollar after referendum

Ankara April 17 (IANS) The Turkish currency lira reached its peak against the US dollar after the country s referendum on constitutional changes with a victory for the Yes camp.

The lira strengthened more than 3.5 per cent in Asian trade on Sunday from 3.74 to 3.63 against the greenback Xinhua news agency reported.

Turkish Prime Minister Binali Yildirim declared victory for the Yes camp in the referendum for constitutional amendments that will change the governing system of Turkey from parliamentary to presidential system.

With 99 per cent of votes counted 51.35 per cent backed the changes compared to 48.65 per cent for the No side.

More than 86 per cent of 55 million Turkish electorates including 1.3 million voters abroad cast vote on Sunday.

--IANS
py/vt