Istanbul's Issues. The Turkisk lira (TL) was officially devalued by the Turkish government in February 2001 during a severe political and economic crisis. The Turkish government announced on February 21st that the lira would be devalued by 20%. The spot exchange rate on February 20th was TL68,000/$. a. What was the exchange rate after devaluation? b. What was the percentage change after falling to TL101.000 / $ on February 24, three days after the devaluation? a. What was the exchange rate after devaluation? The exchange rate after devaluation was l_ (Round to the nearest Turkish lira.) b. What was the percentage change after falling to TL101,000 / $ on February 24, three days after the devaluation? The percentage change from the initial value after falling to TL101,000/$ is % (Round to two decimal places. A negative change must be entered with a negative sign.) The percentage change from the "devalued" value after falling to TL 101,000/$ is % (Round to two decimal places. A negative change must be entered with a negative sign.)