Looking at the historical data, the Turkish lira has been steadily declining in value versus. the US dollar but in recent days, the depreciation has accelerated, hitting a new record low.
TURKEY’S economic performance has been impressive since the early 2000s. Its employment and income levels have increased, upgrading the country’s status to an upper middle-income country.
During these years, Turkey rapidly became more developed and modernised, maintaining strong macroeconomic and fiscal policy frameworks.
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