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  2. Turkish economic crisis (2018–current) - Wikipedia

    en.wikipedia.org/wiki/Turkish_economic_crisis...

    The market reacted immediately, moving the Turkish currency to ca. 13.50 liras/USD, after peaking at about 12.30, in what was the widest swing in the exchange rate since 1983. [ 160 ] [ 161 ] 21 December - frenetic trading continues, with the exchange rate dropping to 11.0935 per dollar before going up to about 12.90 later in the morning and 12 ...

  3. List of countries by exchange rate regime - Wikipedia

    en.wikipedia.org/wiki/List_of_countries_by...

    De Facto Classification of Exchange Rate Arrangements, as of April 30, 2021, and Monetary Policy Frameworks [2] Exchange rate arrangement (Number of countries) Exchange rate anchor Monetary aggregate target (25) Inflation Targeting framework (45) Others (43) US Dollar (37) Euro (28) Composite (8) Other (9) No separate legal tender (16) Ecuador ...

  4. Turkish lira - Wikipedia

    en.wikipedia.org/wiki/Turkish_lira

    In 2018, the lira's exchange rate deteriorated rapidly, reaching ₺4.5 per US dollar by mid-May and ₺4.9 a week later. Economists generally attributed the accelerating loss of value to Recep Tayyip Erdoğan preventing the Central Bank of the Republic of Turkey from making necessary interest rate adjustments.

  5. Why Turkey’s Lira Is Having a Rough Year - AOL

    www.aol.com/news/why-turkey-lira-having-rough...

    A Turkey country-specific exchange traded fund has been among the worst performers this year, as the Turkish economy grapples with a weakening lira currency and a high inflation rate. The iShares ...

  6. Turkey’s central bank hikes interest rates again in further ...

    www.aol.com/news/turkey-central-bank-hikes...

    The Turkish central bank started cutting rates in late 2021 under pressure from Erdogan. ... The Turkish lira — which has lost some 30% of its value against the U.S. dollar since the start of ...

  7. Revaluation of the Turkish lira - Wikipedia

    en.wikipedia.org/.../Revaluation_of_the_Turkish_lira

    Because of the chronic inflation experienced in Turkey from the 1970s through to the 1990s, the old lira experienced severe depreciation. Turkey has consistently had high inflation rates compared to developed countries: from an average of 9 lira per U.S. dollar in the late 1960s, the currency came to trade at approximately 1,650,000 lira per U.S. dollar in late 2001.

  8. Turkey hopes for lower US tariffs under Trump, lira rallies - AOL

    www.aol.com/news/turkey-expects-lower-u-tariffs...

    Trump's sweeping U.S. presidential victory on Wednesday helped spark a rally of as much as 0.4% in Turkey's lira, to 34.2 to the dollar, its strongest level since mid-October.

  9. Hyperinflation - Wikipedia

    en.wikipedia.org/wiki/Hyperinflation

    One example of this is Turkey's revaluation of the lira on 1 January 2005, when the old Turkish lira (TRL) was converted to the new Turkish lira (TRY) at a rate of 1,000,000 old to 1 new lira. While this does not lessen the actual value of a currency, it is called redenomination or revaluation and also occasionally happens in countries with ...