Turkey's lira reached a two-month low as financial markets opened after the country's presidential and parliamentary election.
The currency initially weakened to 19.70 against the dollar but later recovered slightly to 19.66, indicating a potential worst session since early November.
Parties led by incumbent Tayyip Erdogan and opposition rival Kemal Kilicdaroglu were competing for the lead
The outcome of the presidential vote carries significant implications for Turkey's leadership
Analysts predict the lira will experience significant adjustments following the elections due to long-standing economic imbalances
The lira has already weakened by 5 percent since the beginning of the year and has experienced substantial volatility
The past decade and a half, losing nearly 95 percent of its value.
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