Those borrowing in dollars and investing in liras have earned more than 11%, according to data compiled by Bloomberg.—Bloomberg, Fortune Europe, 28 May 2024 The former Italian currency, the lira, was also derived from libra.—Melissa Locker, Southern Living, 26 May 2024 Until price rises decelerate, bond investors are unlikely to rush back into the lira debt market, a key goal of Turkey’s government.—Reade Pickert, Fortune, 27 Apr. 2024 In response, Turkish stocks rose and the lira — which has shed more than 80% of its value in five years — touched another record low versus the dollar on a holiday for many world financial markets.—Reuters, NBC News, 1 Apr. 2024 The value of the lira, meanwhile, was at a historic low—as was Erdoğan’s approval rating.—Leif Wenar, WIRED, 2 Apr. 2024 The Turkish lira responded positively to the move on Thursday, falling from its record low of 32.36 to the U.S. dollar to 31.94.—Will Daniel, Fortune, 21 Mar. 2024 Uncertainty then spiked with the multifaceted crisis of 1992, when corruption scandals upended politics, currency speculators destabilized the lira, and the sustainability of the government’s finances came into doubt.—Barry Eichengreen, Foreign Affairs, 20 Feb. 2024 Turkey’s lira hit fresh record lows against the US dollar on Monday after President Recep Tayyip Erdogan secured victory in Sunday’s presidential election, extending his increasingly authoritarian rule into a third decade.—Reuters, CNN, 29 May 2023
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