What is Turkish Lira (TRY)?

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The **Turkish Lira (TRY)** is the official currency of the Republic of Turkey and the Turkish Republic of Northern Cyprus, serving as a key, albeit volatile, emerging market currency in the global foreign exchange (FX) landscape. Its value is highly sensitive to the unconventional monetary policy decisions of the Central Bank of the Republic of Turkey (CBRT), which has historically prioritized economic growth over inflation control, leading to significant depreciation and high domestic inflation rates.

Turkish Lira (TRY)

What is Turkish Lira (TRY)?

What factors contribute to the Turkish Lira's high volatility and its status in the FX market?

What is the history of the Turkish Lira, including its re-denomination and major periods of instability?

How does the Central Bank of the Republic of Turkey (CBRT) conduct its monetary policy and what are its primary tools?

What are the key economic indicators that most significantly influence the Turkish Lira's exchange rate?

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