The Turkish 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 $21$ that the lira would be devalued by $20\%.$ The spot

exchange rate on February $20$ was TL $68,000=$$$1\mathrm{.}00.$

What was the exchange rate after devaluation?

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