Turkish Lira drops to record low, down 99.99% against the dollar

The Turkish lira has touched a fresh record low for the 27th week in a row, trading at 47.13 against the US dollar, as reported by The Bull Theory. This decline marks a 99.99% loss in value compared to the USD, representing one of the most severe currency crashes in recent times. Turkiye Today notes that the exchange rate is projected to climb to 51.4 by the close of 2026.