Holidays in Turkey will become more expensive for Russian tourists due to rising prices and exchange rates against the lira. About this RIA Novosti reported economist Recep Ercin.
“Considering the price increase caused by inflation in Turkey and the additional price increase to be observed due to the increase in foreign exchange prices, Turkey will become a little more expensive for Russian tourists,” Erçin said.
At the same time, he said that the actions of the new Turkish economic administration headed by Mehmet Şimşek will not adversely affect the Russian-Turkish relations.
The lira has been weakening against the dollar since the end of May. In this period, the American currency appreciated by 16.7% against the Turkish currency. On Thursday, the dollar traded above 23.5 liras against the dollar. In Forex transactions on Friday, the dollar is traded at 23,599 liras.
Morgan Stanley analysts to fall If the current low interest rate monetary policy is maintained, it will increase the TL by 40% by the end of the year. While this path was chosen by Turkish President Recep Tayyip Erdogan to fight inflation, world central banks, on the contrary, are increasing interest rates to limit price increases. How knowledgeable In May, negative monthly inflation could be recorded in Turkey for the first time since December 2018, Bloomberg reported. This scenario could come true if Erdogan fulfills his campaign promise to deliver free gas to households.
Source: Gazeta
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