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  2. 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.

  3. Coins of Turkey - Wikipedia

    en.wikipedia.org/wiki/Coins_of_Turkey

    From 1 January 2009, the "new" was removed from the second Turkish lira, its official name in Turkey becoming just "Turkish lira" again; new coins without the word "yeni" were introduced in denominations of 1kr., 5kr., 10kr., 25kr., 50kr. and TL 1. Also, the inner and outer alloys of the 50kr. and TL 1 coins were reversed.

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

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

    The next day, the lira touched an all-time low of 4.98 lira for a US dollar. [106] Two days later, the lira recorded its biggest weekly slump in almost a decade. The benchmark Borsa Istanbul 100 Index fell the most since the foiled coup in 2016, with the selloff dragging price-to-estimated earnings valuations to the lowest in more than nine years.

  5. Turks pile into the dollar, gold and stocks as 67% inflation ...

    www.aol.com/finance/turks-pile-dollar-gold...

    In Istanbul’s Grand Bazaar, traders scramble to buy dollars and gold as rampant inflation eats away at the value of savings. Interest rates at 45% have done little to tame runaway prices.

  6. Turkish lira - Wikipedia

    en.wikipedia.org/wiki/Turkish_lira

    The Turkish lira has a history of accelerating loss of value relative to the euro, breaching the mark of ₺5 per euro in early 2018 28 January 2004, the Grand National Assembly of Turkey passed a law that allowed for redenomination by the removal of six zeros from the Turkish lira, and the creation of a new currency.

  7. Gold Price Rises as Turkey Promises to Save Financial Crisis ...

    www.aol.com/news/gold-price-rises-turkey...

    Investing.com – Gold prices picked up to above $1,200 on Tuesday after hitting a 17-month low in the previous session, as Turkey vowed to save the lira crisis on late Monday.

  8. Gold as an investment - Wikipedia

    en.wikipedia.org/wiki/Gold_as_an_investment

    Gold prices (US$ per troy ounce), in nominal US$ and inflation adjusted US$ from 1914 onward. Price of gold 1915–2022 Gold price history in 1960–2014 Gold price per gram between Jan 1971 and Jan 2012. The graph shows nominal price in US dollars, the price in 1971 and 2011 US dollars.

  9. Turkish lira tumbles in echoes of last year's meltdown - AOL

    www.aol.com/news/turkish-lira-tumbles-echoes...

    Turkey's lira plunged more than 4 percent against the U.S. dollar on Friday, its biggest one-day fall since a currency crisis took hold in August, raising concerns that Turks are buying more ...