Turkish lira continues to fall

Turkey is in the midst of an economic crisis marked by high inflation.
Obsolete Turkish lira banknotes.
Obsolete Turkish lira banknotes are seen in the window of an exchange office on May 05, 2022, in Istanbul, Turkey. Inflation soared to nearly 70% (69.97%) over one year in April in Turkey, the highest since February 2002. - Burak Kara/Getty Images
Adam Lucente headshot (new)
Adam Lucente
@Adam_Lucente

The Turkish lira fell against the US dollar again today. 

One Turkish lira traded at a rate of 15.85 liras to $1 at the end of the day today. Turkey’s currency has fallen every day since May 8, when it began the day trading at 14.94 liras to the dollar, according to the currency data website Xe. 

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