Turks attempting to buy iPhones and other electronics received online error messages on Wednesday, including from Apple Inc s local website, after a historic 15% plunge in the lira the day before caused havoc for prices.
ISTANBUL, Nov 24 Turks attempting to buy iPhones and other electronics received online error messages today, including from Apple Inc’s local website, after a historic 15 per cent plunge in the lira the day before caused havoc for prices. The currency slipped back towards its record low.
The lira has lost 40% of its value this year and nearly 20% since the beginning of last week alone, amid concerns over broader fallout for the economy after President Erdogan defended recent sharp rate cuts