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Turkish Lira Devaluation Analysis 2001 by Samer is a document available to read on EtoBox.

What is Turkish Lira Devaluation Analysis 2001 about?

The Turkish government devalued the Turkish lira (TL) by 20% in February 2001 during an economic crisis. On February 20th, the exchange rate was TL68,000/$, and on February 21st the government announced the devaluation. By February 24th, the exchange rate had fallen further to TL100,000/$, representing a 32% decrease from the initial rate of TL68,000/$ and a 15% drop from the devalued rate of TL85,000/$.

Author

Samer

Language

EN