Economic crisis in Turkey: The lira is crushing

Turkey’s embattled financial system needs foreign investors. Its plunging currency shows only the bravest are choosing to stick around. Turkey has one of the biggest piles of foreign-denominated debt in the developing world, much of which comes due in the next year, and a currency whose dramatic decline makes it ever more expensive to pay off. Erdogan will soon feel his own mistakes, regime is not so strong as they want to show. Turkey could be next emerging market crisis.
 

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(edited)

Yep, they are on the edge...

Turkish Lira per US Dollar.

Five years ago: 1.94

Three years ago: 2.76

Two years ago: 2.99

One year ago: 3.53

Six months ago: 3.77

Three months ago: 4.22

One month ago: 4.66

Now: 5.07 

Edited by Pavel

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By the end of year:  6.15 and bankrupt

image.png.7fcd58e30a25da070c911ee4e391b2db.png

 

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Turkey tourism earn 50% less than before, and foreign investors run away from Turkey. In same time, regime send a message that people like Erdogan. That's calling brain-washing....

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12 minutes ago, Pavel said:

Yep, they are on the edge...

Turkish Lira per US Dollar.

Five years ago: 1.94

Three years ago: 2.76

Two years ago: 2.99

One year ago: 3.53

Six months ago: 3.77

Three months ago: 4.22

One month ago: 4.66

Now: 5.07 

20% devaluation of currency in three months is pretty something, don't you agree? Significant fact - who wants to see and read

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There is no one but current government and Erdogan to blame.

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