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TRY/USD Forecast Today - 26/02: Turkey's Reserves Decline menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.
Resilient in the last few years but that s changing quickly. alarming new heights and it s worrying investors. food prices in turkey are especially high but transportation costs have also soared this spike is especially hard on consumers but the rising costs are taking their toll on businesses to the inflation rate has been on a rapid rise over the past year it s jumped to thirteen percent a level not seen for nearly fifteen years rising inflation is also putting pressure on turkey s currency for months now the lira has been losing value this is good news for turkish export hers the weaker currency makes their products cheaper abroad but this trend is worrying to domestic companies who are trying to shift their money abroad to avoid depreciation. the turkish government doesn t like the practice but so far it s been reluctant to go as far as banning such capital ....
Now while good for exports domestic companies are trying to pocket their money overseas and that is a practice that the government frowns upon food prices in turkey are especially high but transportation costs have also soared this spike is especially hard on consumers but the rising costs are taking their toll on businesses too. the inflation rate has been on a rapid rise over the past year it s jumped to thirteen percent a level not seen for nearly fifteen years rising inflation is also putting pressure on turkey s currency for months now the lira has been losing value this is good news for turkish export hers the weaker currency makes their products cheaper abroad but this trend is worrying to domestic companies who are trying to ship their money abroad to avoid depreciation. the turkish government doesn t like the practice but so far it s been reluctant to go as far as banning such capital ....
High but transportation costs have also soared this spike is especially hard on consumers but the rising costs are taking their toll on businesses too. the inflation rate has been on a rapid rise over the past year it s jumped to thirteen percent a level not seen for nearly fifteen years rising inflation is also putting pressure on turkey s currency for months now the lira has been losing value this is good news for turkish export hers the weaker currency makes their products cheaper abroad but this trend is worrying to domestic companies who are trying to shift their money abroad to avoid depreciation. the turkish government doesn t like the practice but so far it s been reluctant to go as far as banning such capital outflows. and that s it for me on the business scene here and then i ll have an update for you in of the next hour before you go here again as ....