It was trading at 36.32 on Thursday, up from the year-to-date low of 35.14. It has jumped by about 500% in the last five years, making the Turkish lira one of the worst-performing currencies globally.

Turkish lira in free fall: New record lows despite drastic interest rate hike By Investing.com - Jun 22, 2023 1 Investing.com - The Turkish lira, which was already under heavy pressure ...

Turkey’s central bank pledged to maintain a sufficiently tight monetary policy that will allow the lira to appreciate in real terms, according to people who participated in officials’ recent ...

Türkiye's lira fell as much as 12.7% and touched a new all-time low of 42 to the dollar ... Bankers calculate that the Turkish central bank sold a minimum of $5 billion in FX after lira's crash ...