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TURKEY
RTRENFP
22 Feb. 2001
A Turkish man reacts as dollar prices soar up to 950,000... more
TURKEY
RTRENFP
22 Feb. 2001
Istanbul, Turkey
A Turkish man reacts as dollar prices soar up to 950,000 TL on a foreign exchange bureau currency board in Istanbul February 22, 2001. Turkey's newly floated currency traded against the dollar at a depreciation of 17 to 27 percent in the first trades completed on the interbank spot market on Thursday. Turkey announced early on Thursday it would float the lira in a bid to pull out of a devastating financial crisis sparked by fears of political instability.

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