The Turkish lira fell against the dollar Monday, after Turkey’s president, Recep Tayyip Erdogan, called for a recount of votes in last month’s local elections.

The lira, Turkey’s currency, is in free fall. A decade ago, it traded at 1.83 to the US dollar. Five years ago, it hovered around three to the dollar. Last week it surpassed nine to the dollar ...

The lira TRYTOM=D3dove to a new all-time low of 15.689 versus the dollar in response to the decision, and was at 15.3 9 at 1125 GMT. It has shed more than half its value this year in Turkey's ...

The sharp devaluation of the Turkish lira on foreign currency markets amid tensions between populist Presidents Donald Trump and Recep Tayyip Erdogan is prompting Turkey’s TV industry to ...

3. Depleting Foreign Currency Reserves To Prop Up The Lira In mid-January, the Turkish central bank’s foreign currency reserves dropped to their lowest level since 2002, to $7.54 billion dollars. This ...

The lira TRYTOM=D3 was trading at 15. 35, after hitting a fresh record low following the announcement. It has shed more than half its value this year in what analysts call a second currency crisis ...