Business & Economy

Very negative view of Turkish lira situation

The Central Bank of Turkey raised its forecast for a single dollar exchange rate to TL 23.43 at the end of this year.
The dollar price has now reached 18 Turkish lira after a large inflation that increased the burden on Turkish citizens, before the Turkish President raised the minimum wage by almost double early in the year.
The Turkish lira suffered violent shakes last year as Erdogan’s strategy to cut the interest rate significantly continued.

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