Consumers from Bulgaria and Greece have flooded into Turkey to go on procuring sprees because of the nation’s declining lira forex.
Turkey is presently in financial disaster, as inflation has climbed to figures over 21 %. The lira hit a file low in opposition to the U.S. greenback on December 20 of 18.36 lira for one greenback, with the forex shedding over 60 % of its worth in opposition to the greenback simply this 12 months.
It has partially rebounded to 11.46 lira in opposition to the greenback on December 27. The inflation and fluctuating costs have affected every thing