Time to book a holiday? Turkey’s lira slump explained

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British travellers looking for a bargain should consider Turkey, as the lira falls to an all-time low against the pound.

why is the lira slipping? turkish economy has been in the doldrums for some time now, and it has worsened further due to a recent trigger. The country’s inflation rate touched 15.9 per cent in July.

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And Europe’s economy appears to be emerging from its long slump. Even so, the trouble in emerging markets. The South African rand fell this week to a 14-year-low against the US dollar. Turkey’s.

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A recession in the country of 80 million, which sits at the crossroads of Asia and. American Airlines cancels Boeing 737 Max flights through Nov. This led the lira to spiral over time, as investors lost faith in the country's. A financial planner breaks down exactly how you should be spending your money.

Will Turkey’s Activism for Culture change its Negative Image in Europe?. What’s Next for the Turkish Lira?. this slump was a surprise to many in the sense that the TL has been one of the worst performers among the currencies of the emerging countries, though the economic and financial.

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Turkey’s lira crisis explained. But there is one area reaping the benefits: tourism. Bookings to Turkey have gone up in recent months – although the exact cause is, of course, hard to say. A favourable exchange rate though can’t have harmed the situation: on Friday, the US dollar would buy almost six Turkish lira; at the end of January,

Always opt for the local currency of the country you’re visiting as the pound is plummeting against everything except the lira, which is why you should book a holiday to Turkey right now. This will ensure you don’t have to pay a higher cost due to the weakness of the sterling’s strength at present.

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