sabamirzaMay 15

Turkish lira weakens further as inflation pressures intensify across struggling national economy today.

#TurkishLira #InflationCrisis #CurrencyMarket #TurkeyEconomy

https://meyka.com/blog/turkish-lira-may-15-inflation-crisis-deepens-as-currency-faces-cliff-1505/

Turkish Lira May 15: Inflation Crisis Deepens as Currency Faces Cliff | Meyka

Turkish Lira crashes amid runaway inflation and Iran conflict. USD/TRY hits 45.43 as reserves melt. Investors flee Turkey's currency crisis on May 15.

The Global CitizenNov 23, 2023
🇹🇷 Turkey's central bank announces a massive 5-point interest rate hike, raising the main rate to an unprecedented 40% - the highest in 20 years. A bold measure in response to economic turbulence. #TurkeyEconomy #InterestRates
RuthSmartDec 22, 2022
I'm switching material sourcing from Turkey to Germany because the economic situation in Turkey is so unstable.
Our Turkish suppliers are not able to confirm price until our order is ready to ship and that is an unacceptable level of volatility.
German suppliers are more expensive but we can fix prices at point of contract and then price our products accordingly.
#UKEconomy #GermanEconomy #TurkeyEconomy