Turkish Lira Crashes To New Lows

Written by Editor-in-Chief

Screen Shot 2018 08 10 at 8.03.22 PMThe Turkish lira has lost over one-third of its value relative to the US dollar and the euro. This year’s concerns about domestic economic policies and an unstable political situation have pummeled the lira.


Erdogan has reasoned that "If they have dollars, we have our people, we have our right and we have Allah!" The crash of the lira has featured little in Turkish media loyal to the Turkish government. Recent media coverage has focused on the Black Sea flooding.


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