Turkish lira in the context of "Maiden's Tower"

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👉 Turkish lira in the context of Maiden's Tower

The Maiden's Tower (Turkish: Kız Kulesi), also known as Leander's Tower (Tower of Leandros) since the Byzantine period, is a tower on a small islet at the southern entrance of the Bosphorus strait, 200 m (220 yd) from the coast of Üsküdar in Istanbul, Turkey.

The tower appeared on the reverse of the Turkish 10 lira banknote from 1966 to 1981.

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Turkish lira in the context of Bi-metallic coin

Bi-metallic coins are coins consisting of two (bi-) metals or alloys, generally arranged with an outer ring around a contrasting center. The bi-metal form is typically used to protect against counterfeiting.

Common circulating examples include the European €1 and €2, United Kingdom £1 and £2, Canadian $2, South Africa R5, Egyptian £1, Turkish 1 lira and 50 kurus, Indian ₹10 and ₹20, Indonesian Rp1,000, Polish 2 and 5 zł, Czech 50 Kč, Hungarian 100 and 200 Ft, Bulgarian 1 and 2 lv., Hong Kong $10, Argentine $1 and $2, Brazilian R$1, Chilean $100 and $500, Colombian $500 and $1000, Peruvian S/2 and S/5, Albanian 100 Lekë, Thai 10 baht and all Mexican coins of $1 or higher denomination. For a more complete list, see List of bi-metallic coins.

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Turkish lira in the context of Southeastern Anatolia Project

The Southeastern Anatolia Project (Turkish: Güneydoğu Anadolu Projesi, GAP) is a multi-sector integrated regional development project based on the concept of sustainable development for the 9 million people (2023) living in the Southeastern Anatolia region of Turkey. According to the Southeastern Anatolia Project Regional Development Administration, the aim of the GAP is to eliminate regional development disparities by raising incomes and living standards and to contribute to the national development targets of social stability and economic growth by enhancing the productive and employment generating capacity of the rural sector.The Southeastern Anatolia Region extending over wide plains in the Euphrates-Tigris Basin encompass the administrative provinces of ( Adıyaman, Batman, Diyarbakır, Gaziantep, Kilis, Siirt, Şanlıurfa, Şırnak and Mardin )which are located in the basins of the Euphrates and Tigris and in Upper Mesopotamia. The surface area of the region bordering with Syria to the south and with Iraq to the southeast is 75,193 square kilometres which corresponds to 9.7% of Turkey's total surface area. Turkey has in total 8.5 million hectares of irrigable land and GAP's share in this total is 20 per cent.The total cost of the project is over 190 billion Turkish lira (TL) (2020 adjusted price).

Current activities under GAP include sectors like agriculture and irrigation, hydroelectric power production, urban and rural infrastructure, forestry, education and health. Water resources development envisaged the construction of 22 dams and 19 power plants.

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Turkish lira in the context of Turkish economic crisis (2018–current)

The Turkish economic crisis (Turkish: TĂĽrkiye ekonomik krizi), also known as Great Turkish Depression, is a financial and economic crisis in Turkey. It is characterized by the Turkish lira (TRY) plunging in value, high inflation, rising borrowing costs, and correspondingly rising loan defaults. The crisis was caused by the Turkish economy's excessive current account deficit and large amounts of private foreign-currency denominated debt.

Some analysts also stress the leveraging effects of the geopolitical frictions with the United States. Following the detention of American pastor Andrew Brunson, who was arrested on espionage charges after the failed 2016 Turkish coup d'état attempt, the Trump administration exerted pressure towards Turkey by imposing further sanctions. The economic sanctions therefore doubled the tariffs on Turkey, as imported steel rises up to 50% and on aluminum to 20%. As a result, Turkish steel was priced out of the US market, which previously amounted to 13% of Turkey's total steel exports.

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