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Gross (USD) Net (USD) Gross USD/TRY Net USD/TRY Gross/Net Ratio Gross (PPP, 2020 USD) Note 2024 20,002.50 17,002.12 678.68 576.88 29.47 29.47 0% Due to inflation, the conversion rate changes greatly. The current conversion rate, indicated in the table, is based on figures on 1 January, 2024 at 05:44 UTC. 2023 July-December: 13,414.50 11,402.32 ...
The Turkish lira partially recovered in early 2021 with the government's increase in interest rates. However, the currency began to crash due to inflation and depreciation starting on 21 March 2021, after the sacking of Central Bank chief Naci Ağbal. The Turkish lira reached a then-all-time-low of ₺8.8 to the dollar on 4 June.
On 15 August 2018, Qatar pledged to invest $15 billion in the Turkish economy making the lira rally by 6%. [122] [121] On 29 November 2018, the Turkish lira hit a 4-month high in value against the US Dollar. It recovered from 7.0738 against the dollar to 5.17 on 29 November, an increase of 36.8%.
The new Turkish lira (Turkish: Yeni Türk Lirası) was the currency of Turkey and the de facto independent state of the Turkish Republic of Northern Cyprus between 1 January 2005 and 31 December 2008 which was a transition period for the removal of six zeroes from the currency. [1] The new lira was subdivided into 100 new kuruş (yeni kuruş).
WASHINGTON (Reuters) -The U.S. government posted a $367 billion budget deficit for November, up 17% from a year earlier, as calendar adjustments for benefit payments boosted outlays by some $80 ...
On 1 January 2009, the second stage of the reform was launched by removing the prefix “New” used on the “New Turkish lira” and “New kuruş”, and Turkish lira banknotes and coins were put into circulation with new designs and sizes. As of today, the Central Bank of the Republic of Turkey, as a credible institution, pursues its policy ...
The main trading partner is Turkey, as of 2014, 64.7% of Turkish Cypriot imports are from and 58.5% of Turkish Cypriot exports are to Turkey. Middle Eastern countries are the destination of 30.3% of Turkish Cypriot exports and their share in the exports of Northern Cyprus has greatly increased, being at only 17.8% at 2006.
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