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The Turkish lira has risen 29% against the US dollar since the beginning of the year. This situation is also reflected in the minimum wage. As a result, the minimum wage lost 22% in 7 months. The Turkish economy is the real tragedy is not limited to poor data
The US dollar / Turkish lira exchange rate, which fell to 4.53 the day immediately following the June 24th election, was 4.86% after the record high of 4.97 on July 12 [AsaresultthedepreciationoftheTurkishliraagainstthedollarexceeded7%overthreeweeksbeforetheelectionsofJune24thAtthebeginningoftheyearthedollarratewas378TL
The loss suffered by the Turkish lira against the US dollar since the beginning of the year is 29% against the dollar of the previous year, the dollar / TL exchange rate is the same as in the previous year. setting at 3.53 last year on July 14th. The depreciation of TL / TL is 67 percent. Monthly net income for the single, childless minimum wage in 2018, 1.603 Turkish liras. At the beginning of this year, the dollar rate was 3.78 TL.
In the early days of the year, the minimum wage of a minimum wage of 424 dollars now stands at 329 US dollars. This shows that the minimum wage is 22% against the dollar.
"Turkish treasures are ransacked"
The hard data of the economy are certainly not limited to these. not speak a good analysis of the situation in the economy of Turkey is located in the Western media. the Reuters news agency employed in the Marc Jones in the signing analysis report, 'Turkey's financial markets are shaken. Low historical levels of Pound after depreciated by more than 20 percent this year. Istanbul stock exchange spent the worst day in two years on July 12 and investors brought to realize the country's bonds, "according to the statement.
the report, the economy of Turkey in South Africa, compared to emerging countries like Brazil and Mexico. "Situation has shown that aggravates how much in terms of Turkey," a company that conditions the Fathom rating Public Consultation according to the composite financial fragility index Turkey's debt to the security of the open call in the worst position among these countries.
