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Turkey in crisis

cryptofanatics

Published: 04 Sept 2018 › Updated: 04 Sept 2018Turkey in crisis

Turkey in crisis

The Lira continues to fall and the inflation rockets to 15 year high.The country's centre bank is independent and will do everything to fight against inflation.The currency has lost 40% of worth against the US dollar .Bildschirmfoto 2018-09-04 um 11.39.11.png
The reason for the fall was that US president Donald Trump doubled tariffs on Turkish metal imports like steel.Another reason could be the political instability of the country, caused bi Erdogan regime.
Turkey answered with a double tarif on tobacco, alcohol and US cars.

The Turkish president Erdogan has no worries about the crisis.He said that the Turkish bank is more independent than in other countries.

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