But the Russian Ruble has been pretty stable during the last few years and both Russia and Iran are resource super powers. Iran has the largest supply of natural gas on the planet and the 4th largest supply of crude.
the denomination of a currency by itself means nothing. 1 USD = 113 Japanese Yen. Are you implying that the Turkish Lira is stronger than the Yen by ten fold then ? LOL
If you recall when Erdogan came to power 1 USD was worth 1 million Lira. All Erdogan did was slash 6 zero's. So it went from 1 USD = 1 million Lira to 1 USD = 1 Lira. Actually for convenience sake that was an okay move.
Like I said if Erdogan had actually raised interest rates years ago Turkey would be fine but currently the Turkish economy is headed towards an inevitable catastrophic collapse. Why ? Because Erdogan keeps lowering interest rates while inflation is sky rocketing out of control.
After Erdogan slashed 6 zeros it was 1 USD = 1 Lira, then 1.2, then 1.5, then 2, then 4, then 6, now almost 10. The US Dollar has increased in value against the Lira by TEN FOLD. Counting the slashed 6 zeros from 15 or so years ago, in reality 1 USD is worth 10 MILLION LIRA right now. Slashing zeros does not change the fundamentals of the economy.
Iran's currency took a hit after US sanctions were imposed but what about Turkey ? Turkey is a NATO ally. You host US bases. There are no significant, potent sanctions imposed on Turkey so what is the issue then ? Why is the Lira now one of the worlds most worthless currencies ?
What is Erdogan going to do to fix this ? Let me guess, slash another zero or two whenever it gets out of control ? You know who's buying up all the land for the Istanbul Canal. 80% of people in Istanbul don't want it. It's getting built because Erdogan's friends and family will own all the land.
Turkey's economy has grown significantly in the last decade and a half but unfortunately that prosperity has not reached the common Turkish citizen. Instead a small number of elitists have become disgustingly filthy while the vast majority of Turks are having trouble filling their stomachs.
Mark my words Turkey is the next country after Venezuela, Afghanistan, Lebanon to face an imminent collapse and hyper inflation. I just hope it doesn't lead to a civil war because we all know that Erdogan is not stepping down willingly.
what about İranian and Russian currency ? .... so funny
1 USD = 9,5 Turkish Lira
1 USD = 70,2 Russian Ruble
1 USD = 42.247 İranian Riyal
USA used Dollars as a weapon against Turkiye
because of 3 Turkish military operations blocked USA-France-İsrael backed PKK/YPG Terror corridor in Syria
cry again again and again
Turkiye never will allow bandit countries for their dirty plans in Syria,Libya and Eastern Mediterranean