Tag: turkey

USD/TRY trades near record highs as inflation crisis worsens

USD/TRY trades near record highs as inflation crisis worsens

The yearly rate of inflation in Turkey has reached its highest level in 24 years, sending the Lira to new historic lows.
The Turkish lira might be on the brink of collapse

The Turkish lira might be on the brink of collapse

The global meltdown is making it harder for Turkey to lower down their brutal 80% inflation and it may cause a collapse of their currency.