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ANKARA, July 18 (Xinhua) -- The Turkish lira rose against the U.S. dollar on Monday after a huge drop following Friday night's coup attempt against President Recep Tayyip Erdogan.
The lira was trading at 2.88 to the U.S. dollar, a gain in value of more than 3 percent on the day, according to data on the Turkish Central Bank's website.
During the coup attempt, the lira plunged 4.99 percent to trade at a historic low of 3.04 to the greenback.
The Istanbul stock exchange, which was not open when the coup took place, fell 2.3 percent to 80,756 points.
The Turkish Central Bank announced on Sunday a raft of measures to minimize the adverse effects of the failed coup attempt in Turkey, including the provision of necessary liquidity to banks "without limits."
"Banks will be allowed to place foreign exchange deposits as collateral without limits for necessary Turkish Lira liquidity," the central bank said in a statement.
It added that the current foreign exchange deposit limit of around 50 billion U.S. dollars may be increased.
