Turkey’s economy is facing some major hurdles. The Turkish lira hit an all-time low on Tuesday with a 15% plunge. Overall it has lost 45% of its value just this year. There are reports that Turkish customers are flocking to buy iPhones, electronics and other goods as retailers fall behind on price adjustments. Host Marco Werman speaks with Soner Cagaptay, a senior fellow at The Washington Institute for Near East Policy, where he is also the director of the Turkish Research Program.
The article you just read is free because dedicated readers and listeners like you chose to support our nonprofit newsroom. Our team works tirelessly to ensure you hear the latest in international, human-centered reporting every weekday. But our work would not be possible without you. We need your help.
Make a gift today to help us reach our $25,000 goal and keep The World going strong. Every gift will get us one step closer.