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Noun
The result has been double-digit inflation and a flight out of the Turkish lira into anything that serves as a better store of value, whether that is U.S. dollars, gold and cryptocurrency.—Christiaan Hetzner, Fortune, 10 Oct. 2024 This has been seen in the current cycle with the Japanese yen and Turkish lira taking a battering while their central banks kept rates low, while the U.S. dollar — as measured against a basket of currencies – soared throughout 2022 as the Fed delivered stringent rate hikes.—Jenni Reid, CNBC, 18 Sep. 2024 In the last five years, the Turkish lira has lost nearly 83% of its value against the dollar, and the currency trades at 33 lira to the greenback as of 09:07 a.m.—Natasha Turak, CNBC, 17 July 2024 Its lira continues to hit record lows against the greenback.—Mark Ellwood, Robb Report, 19 June 2024 See all Example Sentences for lira
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