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As long as you can manage inflation, it is not a bad thing that the value of the Turkish lira decreases.We still have many shortcomings in industrial and financial terms, so it is very difficult to pass this process with valuable Turkish lira.in 2013 Turkey had $865 billlion of GDP Nominal
and in 2013 the US has started attacking Turkey and Turkish Economy , Turkish currency dropped by 320% between 2013 and 2018
1 USD has risen to 5,8 Turkish Lira from 1,8 between 2013 and 2019
if not , Turkey would have minimum $1,5 trillion of GDP Nominal now
Turkey has $2,4 trillion of GDP PPP ( 13th biggest GDP PPP in the world after Italy )
Did it affect normal Turkey people's life a lot when Lira depreciated that much?in 2013 Turkey had $865 billlion of GDP Nominal
and in 2013 the US has started attacking Turkey and Turkish Economy , Turkish currency dropped by 320% between 2013 and 2018
1 USD has risen to 5,8 Turkish Lira from 1,8 between 2013 and 2019
if not , Turkey would have minimum $1,5 trillion of GDP Nominal now
Turkey has $2,4 trillion of GDP PPP ( 13th biggest GDP PPP in the world after Italy )
interesting to note that not one western nation which collected wealth through ill gotten means i-e colonial loot. only two western nations and rest all asian and the stigma few decades ago was that asia was the poorest continent in the world.
regards
We still have many shortcomings in industrial and financial terms
Minus 320 percent?in 2013 Turkey had $865 billlion of GDP Nominal
and in 2013 the US has started attacking Turkey and Turkish Economy , Turkish currency dropped by 320% between 2013 and 2018
1 USD has risen to 5,8 Turkish Lira from 1,8 between 2013 and 2019
if not , Turkey would have minimum $1,5 trillion of GDP Nominal now
Turkey has $2,4 trillion of GDP PPP ( 13th biggest GDP PPP in the world after Italy )
We have big problems such as the US - Israel and their terrorist organizations PKK , FETO also CHP , HDP
31.12.2005 1USD = 1,3 TL
28. 05.2013 1 USD = 1,8 TL
but 1 USD has risen to 5,8 Turkish Lira from 1,8 between 2013 and 2019 .... because of
GEZI Park protests in 2013
Judical and military coup attempt by FETO in 2013 and 2016
Big Pkk terror rebellion in 22 cities between 2015 and 2016
14 terror atttacks by ISIS in Turkey between 2015 and 2017
TRUMP's economic attack on Turkey in 2018
Did it affect normal Turkey people's life a lot when Lira depreciated that much?
I meant life quality.
There is no "if", Trump merely did anything, so you should start to think why your economy was so vulnerable.in 2013 Turkey had $865 billlion of GDP Nominal
and in 2013 the US has started attacking Turkey and Turkish Economy , Turkish currency dropped by 320% between 2013 and 2018
1 USD has risen to 5,8 Turkish Lira from 1,8 between 2013 and 2019
if not , Turkey would have minimum $1,5 trillion of GDP Nominal now
Turkey has $2,4 trillion of GDP PPP ( 13th biggest GDP PPP in the world after Italy )
Thanks for sharing it.after TRUMP's economic attack on Turkey in 2018 , 1 USD has risen to 7,2 Turkish Lira from 3,9 TL in a few months and everything fcked up in Turkey
I have a house in Turkey 1.500.000 TL ( $384.000 ) when 1 USD was 3,9 TL as of 31.05.2018
but now 1 USD is 5,8 TL so My house costs still 1.500.000 TL ( $258.000 )
I lost $126.000 between 31.05.2018 and 31.12.2019
Teacher salary in Turkey
in 2018 3.844 TL ( $985 ) when 1 USD was 3,9 TL
in 2020 4.409 TL ( $760 ) because of 1 USD = 5,8 TL
what about a Turkish teacher to paid $2000 for traveling to the US ?
only one example
Automobile and light commercial vehicle sales in Turkey
in 2017 , 956.194 units
in 2018 , 620.937 units
in 2019 , 479.060 units
even Car prices are so high in Turkey ..... because of high taxes
for example 2019 BMW 520 is €86.000 in Turkey
on the other hand 2019 BMW 520 is €47.000 in Germany
2020 Ferrari 812 is €846.000 in Turkey
on the other hand Ferrari 812 is €569.000 in Germany
There is no "if", Trump merely did anything, so you should start to think why your economy was so vulnerable.