Exchange rate The exchange rate for the Turkish lira sinks to 8.15 against the U.S. dollar, a record low for the currency since its revaluation. The devaulation is caused by investors' concerns over the COVID-19 pandemic's impact on the Turkish economy, and recent tensions between Turkey and its allies over gas exploration in the eastern Mediterranean, and the country's involvement in conflicts in Libya, Syria, and the Caucasus. Turkish lira sinks amid Erdogan fury with allies © BBC Sources: BBC
