This is the answer provided but how do I Illustrate it using supply and demand for the Lira (in $/Lira)? he Turkish Central Bank's decision to keep its benchmark interest rate at 8.25%, which was lower than the expected rate of 8.50%, has weakened the Turkish Lira, leading to inflation. In order to stabilize the currency and mitigate inflation, the Central Bank can take a number of measures, such as increasing its benchmark interest rate or increasing its foreign exchange reserves, which can be illustrated using supply and demand diagrams for the Lira. By taking these measures, the Central Bank can help to stabilize the value of the Turkish Lira and reduce inflation.