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After Erdogan's recent statements, Turkish lira collapsing at lowest level

The British website Zero Hedge reported that the Turkish lira fell to its lowest level in the session held on Wednesday after Erdogan threatened to launch attacks on eastern Euphrates in the next two days.

After Erdogan's recent statements, Turkish lira collapsing at lowest level

12 December, 2018 13:07

NEWS DESK

Turkey's economic situation is worsening, as inflation is rising and the purchasing value of the Turkish lira is falling. Many Turkish companies are experiencing disturbances as a result of the deterioration of the living conditions of workers.

After the Turkish President Erdogan renewed his threats of launching attacks on the eastern Euphrates at a meeting of the Turkish military industry, and said that they would launch an attack on the eastern of the Euphrates within two days, the Turkish lira started downing by 0.40 percent, making it to decline to its lowest levels this week amid fears that the recent improvement in relations between Turkey and the United States will be reflected negatively as Erdogan took another round of unilateral action.

A.H

ANHA

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