Turkish central bank says "no commitment" to exchange rate as lira hits historic low (2)

A customer exchanges money in an exchange office in Ankara, Turkey, on Nov. 23, 2021. The Central Bank of the Republic of Turkey (CBRT) said Tuesday that it upholds its policy of implementing a floating exchange rate and has no commitment to "any exchange rate level" as the lira, the country's currency, nosedived in forex markets to a record low. The Turkish lira's exchange rate on Tuesday lost nearly 10 percent to 13.44 liras against the U.S. dollar before recovering some of its loss in late afternoon. (Photo by Mustafa Kaya/Xinhua)