Tumbling lira casts shadow over Erdogan's June election


Turkish President Tayyip Erdogan speaks during an iftar dinner in Ankara, Turkey May 21, 2018. Murat Kula/Presidential Palace/Handout via REUTERS

ISTANBUL (Reuters) - Running a market stall in Istanbul's working class Fatih district, Ozgur Kamis struggles to make a living as the cost of his stock rises day by day - and he reckons it will only get worse after elections in June.

Kamis, who sells trousers and headscarves in the Carsamba Market, has found himself on the wrong end of a global currency selloff sparked by Turkish President Tayyip Erdogan. Five-dollar tracksuit bottoms that cost 23 lira (3.77 pounds) yesterday cost him 24.5 lira today.

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