Global Markets are talking Turkey as the lira gets roasted

The currency of Turkey’s currency has decreased steadily. The country has been facing the worst financial crisis in recent history. But how can it be possible to overcome it, there is no specific plan.

On Saturday, President Recep Tayyip Erdoğan called upon the people to sell them to the US dollar and the euro for those banks. And he called this fight to recover the value of his currency as a war of liberation.

Analysts say that the value of Lirara is rapidly decreasing, gradually moving towards bankruptcy, the country, which is ranked 18 on the list of the biggest economies, The Turkish currency has been affected by the decrease in the prices of various developing countries in the world, even in Europe.

Lirar’s value also dropped by 22 percent on Friday, although at the end of the day it reached a little over 17 percent. This trend has continued since the beginning of last week.

Since the beginning of the year, 40 percent of the price has come down to the Turkish currency. After the failed military coup in June last year, President Recep Tayyip Erdogan’s powers were down below 30 percent.

But during this time of crisis, the United States did not forget to give a “blow to death”. On Friday, the trump administration announced the tariff increase in import of steel and aluminum from Turkey.

In the trade of almost one billion dollars overall, there will be no impact on the two products. But analysts believe that this will reduce the confidence of the Turkish leader in global markets.

US President Donald Trump said in a tweet, “The price of Turkish lira is rapidly declining against our very strong dollar. Our relationship with Turkey is not going to be very good at this time. ‘

Erdouan of Turkey, however, is responsible for this situation and Trump is responsible for the United States. In a sub-editorial written in the New York Times, he wrote, “The United States never could understand or respect the concerns of the Turkish people. The United States will respect Turkey’s sovereignty and try to understand the dangers of the Turks. Otherwise, our relationship will be more complex. ‘

The release of US lawmaker Andrew Brunson in Turkey has been going on for several days.

There is a diplomatic crisis between the two countries for a long time on the return of Fathullah Gulen, accused of Turkish support for Turkish missile defense mechanism in Syria and a failed military coup in Turkey due to a coup in the United States.