Turkish lira plunges, loses nearly 40% it's value this year | DW News


0
Turkish lira plunges, loses nearly 40% it's value this year | DW News



It’s been an especially tough past few days for the Turkish lira. It remains near all-time lows against the dollar. The country recently cut interest rates at the insistence of President Recep Tayyip Erdogan despite the warnings of economists. The consequences are borne by normal Turks. Many are now angry.

Subscribe: https://www.youtube.com/user/deutschewelleenglish?sub_confirmation=1

For more news go to: http://www.dw.com/en/
Follow DW on social media:
►Facebook: https://www.facebook.com/deutschewellenews/
►Twitter: https://twitter.com/dwnews
►Instagram: https://www.instagram.com/dwnews
Für Videos in deutscher Sprache besuchen Sie: https://www.youtube.com/dwdeutsch
#Lira #Inflation #Erdogan

source


Like it? Share with your friends!

0

What's Your Reaction?

hate hate
0
hate
confused confused
0
confused
fail fail
0
fail
fun fun
0
fun
geeky geeky
0
geeky
love love
0
love
lol lol
0
lol
omg omg
0
omg
win win
0
win
DW News

DW News

25 Comments

Your email address will not be published. Required fields are marked *

  1. POSITIVE FACTS OF TURKISH ECONOMY

    1. The Second fast growing GDP growth rate, nation is Turkey. Turkey growth rate in 2021 was 9%. According to Moodys expected growth rate for 2022 is 12.3 %, and for 2023 is 13.6%. ( Turkey dont control Moodys). Whereas President of Turkey expecting it 15%.

    InshaAllah, by 2023 and for oncoming 4-5 years,Turkey will be the top most GDP growth nation.

    2. Trade mass is $400 billion in 2021, growth rate in trade mass is more 27.46 %, Turkey cant go down with this trade mass.

    3. During Covid, world was close, but Turkey earned $20 BILLION DOLLAR.

    4. Defence exports of Drone is $3 billion dollar and wiill increase to $5 billion .

    5. Forex Reserves of Turkey is $126 BILLION, There is no fear of bankruptcy for Rurky at all.

    6. Turkey has nothing to pay to IMF or World Bank

    Its all negative PROPGANDA of western countries, after failed regime change attempts . These hypocarts powers cant deal with strong Turkey , Thats why trying to put pressure on TURKEY , through FATF and other international tools of exlploitation. BUT THEY ALL WILL FAIL AGAINST TURKEY. INSHALLAH A VERY STRONG TURKEY WILL EMMERGE IN 2023,as soon LAUSANE AGREEMNT FINISH.

  2. The Dollar is already 14.5 Turkish Lira. Dictaror Erdogan made Turkey bankrupt. Now he is selling the dollars and gold of Turkey to buy his own worthless Lira that has become junk.

  3. We had a good run Mr. Erdogan had been a true leader God bless him and he’s loved ones as for the lira I pray for the poor hope they can get through the hard times until it’s better!

  4. For sure we are suffering in Turkey everything is expensive day and day Dollars n Euro including now it's 1800 lira to get 100$, for really we r dying pliz and pliz help our country Turkey

  5. no, nothing that big at all. the TL will soon enough recover, this is nothing but a herald for Erdogan to bring turkey to the next level. trust me, Erdogan will save turkey, and the region.

  6. The Turkish economy is a disaster and is now the same as Lebanon and Venezuela. The Turkish people are starving because of the stupidity of dictator Erdogan that does not understand anything about the economy.

  7. The ruling religious right wing fascist party (akp) in Turkey devastates the country and b/c they cheat on every election it's almost impossible to get rid of them.

    Akp and it's leader was installed in to the government by the USA some 20 years ago and has an iron grip on the people.

Choose A Format
Personality quiz
Series of questions that intends to reveal something about the personality
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Poll
Voting to make decisions or determine opinions
Story
Formatted Text with Embeds and Visuals
List
The Classic Internet Listicles
Countdown
The Classic Internet Countdowns
Open List
Submit your own item and vote up for the best submission
Ranked List
Upvote or downvote to decide the best list item
Meme
Upload your own images to make custom memes
Video
Youtube and Vimeo Embeds
Audio
Soundcloud or Mixcloud Embeds
Image
Photo or GIF
Gif
GIF format