In recent months, Turkey’s national currency, the lira, has been hitting devaluation records to the US dollar, euro, and pound sterling.
As of November 2, the Turkish lira fell to a new record of 8.41 lira for $1 in the Turkish foreign exchange market. The exchange rate was set at 9.7757 Turkish lira for 1 euro, as well as 10.81 Turkish lira for 1 pound.
It should be noted that these results are a historical record for the devaluation of the Turkish currency. The devaluation has been facilitated by a boycott of Turkish goods.