Inflation is now at 20% in Turkey, as the Lira which is the official currency of Turkey has hit a record low of 13.44 against the US Dollar. Turkish currency crashed by 8% in a single day but recovered by a few cents later.

Turkey: Lira crashed to a new low of 13.44 against the dollar

The Turkish currency lira hai weakened to an all-time low against the USD. 1$ is approximately 10 Lira. The depreciation of the Turkish Lira hai gained pace over the last 2 months due to the monetary policy of Turkey's central bank.

Turkey: Lira depreciation gained pace in last 2 months

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Turkey: Lira crashed to a new low of 13.44 against the dollar

Turkey: Lira depreciation gained pace in last 2 months