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iso1210 | 3 years ago

The old lira was retired and the new lira came in 2005 roughly at about 1.30 to the dollar.

It's now 16 to the dollar, up from 8 to the dollar a year ago.

The old Lira was 15 to the dollar in 1975, by 1985 it was 500 to the dollar (devaluing 42% a year), 1995 was 43,000 to the dollar (56% a year), and by 2001 it reached 1.3 million to the dollar (77% a year)

From 2001 to 2005 it was relatively stable, and the new lira came in and only lost half its value from 2005 to 2015. Things have been getting worse since 2015 though.

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