Cryptocurrency Q&A
Is Turkish lira pegged to USD?
Is Turkish lira pegged to USD?
ShintoSpirit
Thu Nov 07 2024
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7 answers
1861
I want to know if the Turkish lira is pegged to the US dollar. I'm curious about the exchange rate between these two currencies and whether there's a fixed or floating relationship between them.
7 answers
JejuJoyfulHeartSoulMate
Sat Nov 09 2024
Later, it shifted to being pegged to the British pound, indicating a change in economic alliances.
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Alessandro
Sat Nov 09 2024
Turkey, however, actively intervenes in the currency markets to manage the value of the TRY.
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Lucia
Sat Nov 09 2024
There were also periods of hard pegging to the U.S. dollar, aiming for stability.
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Valentina
Sat Nov 09 2024
Soft pegging to the dollar was also implemented, allowing for some flexibility.
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JejuSunshineSoulMateWarmth
Sat Nov 09 2024
The currency has undergone various pegging arrangements throughout its history.
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