Panic in Turkey over free fall of pound – “Traders sell bones”

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The pound recorded a new historic dip today Turkey, losing more than 4% of its value in one day, against the dollar and the euro, resulting in citizens panicking.

Around 19.50 tonight (Greek time) the exchange rate was at 13.44 pounds per dollar and at 15.15 per euro, a level that had never reached the European currency.

The new drop comes just hours before Turkish President Recep Tayyip Erdogan’s interview was broadcast on TRT. On Monday, Erdogan reiterated his opposition to any “compromise” on interest rates, despite the currency’s sinking.

The citizens are in despair

According to SKAI, the free fall of the Turkish economy, which continues with undiminished intensity, has brought citizens in despair, setting fire to basic necessities, while the leader of the Development and Progress Party (DEVA) Ali Babacan estimates that the international investments that Erdogan is seeking are not enough to support the Turkish economy.

“It simply came to our notice then. “I’m retired, with a pension I’m trying to survive, a little full and a little hungry,” says one woman.

The market situation is desperate, as meat is no longer a luxury for impoverished citizens, traders have gone so far as to sell bones, provoking the fiery darts of the opposition against Tayyip Erdogan.

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