04/11/2021: Resignation of Central Bank Governor and Lira Volatility
Following the resignation of the Turkish Central Bank governor, the lira experiences significant volatility in the foreign exchange market.
18/03/2020: COVID-19 Pandemic Impact
The COVID-19 pandemic caused a sharp decline in the value of the ringgit, as global markets experienced volatility and economic slowdown.
10/08/2018: Currency Crisis and Lira Depreciation
The Turkish lira suffers a severe depreciation due to escalating tensions with the United States and concerns over the Turkish economy.
15/07/2016: Failed Coup Attempt and Lira Plunge
After a failed coup attempt, the value of the Turkish lira plunges as political instability increases.
12/08/2015: Ringgit Depreciation
The Malaysian ringgit experienced a significant depreciation against major currencies due to falling oil prices and global economic uncertainties.
30/04/2008: Global Financial Crisis and Turkish Lira
The Turkish lira experiences a significant depreciation as a result of the global financial crisis.
21/07/2005: Removal of Currency Peg
The Malaysian government removed the fixed exchange rate peg to the US dollar, allowing the ringgit to float freely based on market forces.
01/01/2005: Introduction of New Turkish Lira (TRY)
Turkey introduces a new version of the Turkish lira, denoted as TRY, with a new currency symbol.
02/07/1997: Asian Financial Crisis
The Malaysian ringgit was heavily affected by the Asian financial crisis, leading to a currency devaluation and introduction of capital controls.
12/06/1985: Currency Pegged to the US Dollar
The Malaysian ringgit was pegged to the US dollar at a fixed exchange rate of RM2.50 per USD to stabilize the economy.
29/08/1975: Change to Malaysian Ringgit
The Malaysian dollar was renamed as the Malaysian ringgit, with the currency symbol RM, to reflect the country's independence and identity.
12/06/1967: Introduction of the Malaysian Dollar
The Malaysian dollar was introduced as the official currency of Malaysia, replacing the Malaya and British Borneo dollar.
29/10/1930: Adoption of the New Turkish Lira
The Turkish government introduces the New Turkish Lira (Yeni Türk Lirası) to replace the old currency.
29/10/1923: Founding of the Republic of Turkey
The Turkish lira is officially established as the currency of the newly founded Turkish Republic.