The Turkish lira has fallen to its lowest level since May, after recent tough government efforts to curb market volatility have exacerbated ongoing concerns about Ankara’s deteriorating relationship with Washington.

Although the authorities took several unorthodox steps to stabilize the lira, in 2019 it fell by 11%, Reuters reported. On the other hand, the continued weakness of the lira can help Turkey limit imports and achieve an ambitious forecast for GDP growth of 5% for 2020.

On Thursday, the lira weakened to 5.9425 against the dollar.