Istanbul's Issues. The Turkisk lira (TL) was officially devalued by the Turkish government in February 2001 during a severe polfical and econemic crivis. The Turkish government annode February 21 st that the lira would be devalued by 20%. The spot enchange rate on February 20 th was 7265,000/5. a. Whot was the exchange rale after devaluation? b. What was the percontage change after failing to TL95,000/5 on February 24 , three days after the devalustion? a. What was the excharge rate atter devaluation? The exchange rate afler devaluation was n (Reund to the nearest Thewsh line)