The Turkish lira is falling sharply today, a country threatening a currency crisis. echm it is a great discounted holiday in Turkey

Turkish me and there stock and bond markets are plummeting today. The reason is the intervention of President Recep Tayyip Erdogan, who recalled the fa central bank Naciho Agbala. Msto He was succeeded by Sahapa Kavcioglu, a university professor at the University of Marmarsk, with the help of the column of the current letter Yeni Safak.

List ped vkendem obvinil the bank’s central office, and his current decision to welcome years rates contempt dreams 83 million Turk. A e spe ne Turkish The population will come up with a London speculator, which will be the first thing to do ekonomick rst.

Kavcioglu has a remarkable view of inflationwhich, however, coincides with that of Erdogan. Two to you inflation according to it, it opens the rest years rates. This is a contradictory view from the economist’s point of view years rates set up centrln bank inflation usually tame.

Markets are therefore now worried that Kavcioglu will be handled by Erdogan and will therefore keep years rates. This is for stvajcch podmnek v Turkey me show strong inflan. So there is an outflow of capital from the ground, which first manifests itself in a change in decline tureck mny, action i bond. Mezinrodn investoi is obvaj mnov crisis in Turkey, would lead to economic disruption of the country.

Spolen s Croatia, eckem a Egypt letos pat Turkey to the most sought-after destinations for summer holidayas smooth with give eskch cestovnch office. Because e Turkish mna decline both vi world currencies and vi crown and so to the historical minimum, it means that echm would satisfied first v Turkey could be significantly cheaper this year.

Luke Kovanda, Ph.D.

Nrodn ekonomick rada vldy (NERV)

Chief Economist, Trinity Bank

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