Turkey Prints its Highest-Value Banknote at Record Rate Amid Runaway Inflation

Turkey is printing its highest-denominated banknote at the fastest rate on record, flooding the country with cash as inflation of over 80% forces consumers and businesses to pay more for less. The number of 200 lira ($10.73) notes in circulation almost doubled year on year in November, the highest since their printing began in 2009, according to central bank data. The lira has fallen around 29% against the dollar so far this year, the worst performer in emerging markets after the Argentine peso.