Historically, this devaluation is pretty insignificant. It only halved in value. The current Turkish Lira is actually the second iteration. The first Turkish Li

Historically, this devaluation is pretty insignificant. It only halved in value. The current Turkish Lira is actually the second iteration. The first Turkish Lira at one point had the following value: 1995 – 1 U.S. dollar = 45,000 first Turkish lira 2001 – 1 U.S. dollar = 1,650,000 first Turkish lira That's 36 times less in about 6 years! Eventually they replaced the first Turkish Lira with the current (second) Turkish Lira. It seems a lot of Turkish people should still remember the previous Turkish lira. The second Turkish Lira was the most stable between 2006-2015 or so.. but historically the Lira has always been hugely unstable. See https://en.wikipedia.org/wiki/Turkish_lira#First_Turkish_lira_(1923%E2%80%932005) https://en.wikipedia.org/wiki/Turkish_lira#First_Turkish_lir...