Tuesday, 14 August 2018

TURKEY ECONOMIC CRISIS

TURKEY is the only country which some part is attached with Europe,which is Istanbul.Though TURKEY has a border of 16 km with Azerbaijan though it's look like there is boundary between TURKEY and Azerbaijan.
Current of turkey-lira
Capital of turkey-ankara.
NOW what is happening in TURKEY??
👉over the last week the value of the Turkish lira collapsed by more than 20%.
According to the eastern time a single turkish lira was worth less than 15 cents which means $1 dollar=7 lira(approx.)

Why does this matter to this world??
👉TURKEY currency is 16th most tradable currency now which 2 spot ahead of Indian rupee.but,Turkey's economy is not so large so even if it were to collapse,thoat would not  necessarily a huge impact on the global economy.

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