The TRY, or the Turkish lira, is the official currency of Turkey and Northern Cyprus. The lira is not a highly traded currency and has a share of just 1.07% of all forex transactions in the world even though its gross domestic product (GDP) is the 19th largest in the world.
The US dollar on the other hand is the world’s reserve currency and it has been so ever since the end of the gold standard in 1971. Being the reserve currency, the US dollar is naturally the most traded currency in the world..
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