Robin Brooks: Turkish lira depreciated by 54%!

SHAFAQNA Türkiye – Robin Brooks, Chief Economist at the International Finance Institute (IIF), shared his views on the economic situation in Turkey on his social media account. Brooks, who criticized the economic policy pursued in Turkey earlier and noted its fallacy, this time drew attention to the latest state of the currency of our country.

Brooks used the following statements in a post on his social media account:

“Turkish lira (blue) has once again become the worst-performing emerging market currency. The recent depreciation caused the lira to lose a truly dramatic value of -54%. This depreciation takes into account a factor that includes the inflationary reflection of depreciation. It’s not necessary at all. Türkiye was to become one of the biggest success stories among developing countries…”

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