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Turkish lira hits record low against dollar

Turkish lira hits record low against dollar

(Summary description)The Turkish lira has lost more than 25 percent of its value this year, the largest depreciation among emerging economies. The lira has even lost 2/3 of its value in the past five years. Over the years, the devaluation of the lira can be described as "textbook style", depreciating more than 10% every year for eight consecutive years.

Turkish lira hits record low against dollar

(Summary description)The Turkish lira has lost more than 25 percent of its value this year, the largest depreciation among emerging economies. The lira has even lost 2/3 of its value in the past five years. Over the years, the devaluation of the lira can be described as "textbook style", depreciating more than 10% every year for eight consecutive years.

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