Turkey, in the economy "high" to fly! First; inflation, approaching the 5 percent target, but not even a single haney. In other words, "high" inflation is raising the citizen. Latter; the increase in the exchange rate, which is the reason for the inflation, the depreciation of the TL, is also at "high" levels. So, the TL in our pockets is sunny day by day. And third; interest is "high" due to high inflation. We have to pay a "higher" debt interest on the rent to turn the impellers. Turkey's economy, "high-established high inflation and high interest" struggling in the coils.
US President Donald Trump's decision on additional customs duties and investment restrictions of billions of dollars to China, which was interpreted as the beginning of a "new trade war", and the international credit rating company Standard & Poor's (S & P) the lira depreciated significantly in global markets due to the report that they were expecting to "make four interest rate increases". Following these developments, for the first time in the history of the dollar, it exceeded 4 liras and climbed to 4.0368 liras and the euro reached 4.9757 liras. The dollar returned to 3.97 liras after the historic summit and the euro returned to around 4.90 liras. The price of grams of gold also reached the highest level of all time with 172.8 liras. In the Grand Bazaar, a quarter of gold was sold at 282 liras, and the Republican gold was sold at 1,148 liras.
TURKISH LIRAS LOST VALUE
US President Trump's "trade war" escalation added to the depreciation of the Turkish lira. The dollar and the euro broke a record on record at international markets the night before. For the first time in the history of the dollar, it exceeded 4 liras and went up to 4.03 liras, while the euro exceeded 4.97 liras to 5 liras. The price of grams of gold also reached the highest level of all time with 172.8 liras. Quarter gold reached 282 liras and the Republic gold reached 148 liras.