turkey lira banknotes are seen in this illustration taken january 6 2020 reutersdado ruvicillustration istanbul july 7 reuters  the lira extended its recent losses on thursday weakening as far as 173 as the dollars broad strength was compounded by worries about turkeys soaring inflation and foreign exchange policy the lira slipped 04 against the us currency to trade at 172950 at 0810 gmt after a brief rally just under two weeks ago the lira is now 24 weaker so far this year having tumbled 44 in 2021