The Turkish Lira has now lost over 99.995% of its value against the US dollar from its all-time high.



Turkey spent nearly $26 billion this year selling gold and U.S. Treasuries in an attempt to slow the currency's decline.

Yet despite that massive intervention, the Lira continues to print fresh record lows.

It's a reminder that when confidence in a currency erodes, even billions in reserves may only delay the trend not reverse it.
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