Lira Collapse Leaves Frenzied Turks, Angry Opposition

Ankara: Turkey Anxiously struggled to follow confusing collapse in their currencies and the leader of the main opposition party said the country was experiencing the “disaster” in the darkest when Lira slumped 15% on Tuesday against the dollar.
Meltdown Tuesday followed the steep weeks in Lira who had pushed prices, leaving the ordinary Turks considering everything starting from their vacation plans to weekly food shopping.
“There was no such disaster in the history of the Republic,” said Kemal Kilicdaroglu, the leader of the Republican Party of People’s Opposition, blamed the free falling currency from President Tayyip Erdogan who had led the country since 2003.
“At this point, you are a national security problem Fundamental for the Republic of Turkey, “Kilicdaroglu said.
Erdogan had pressed the central bank to cut interest rates in the movement he said would increase exports, investment, and work, but which criticism was said to be further will encourage two-digit inflation and erode the Lira of the Turks.
The buyer at the Central Ankara Mall said they could not take the view from the Lira level, which fell as far as 13.45 to the dollar on Tuesday.
A year ago it was 8 for the dollar, last month reached 9 and last week reached 10.
“I became unable to work without following the dollar,” said the 28-year-old advertising agent.
“I don’t think there is one day where I don’t need to watch my budget, and the calculation changes 100 times when I get a salary next month.
There is nothing left, including toilet paper, which I bought without.
Think carefully.” Former Prime Minister of Ahmet Davutoglu, a member of the Founder of the AK Party who came to power in Erdogan before breaking away to form his own party, describing the economic steps of the President as “betrayal and not ignorance”.
Kilicdaroglu, Davutoglu and several other opposition leaders have announced an emergency meeting to discuss currencies after the accident on Tuesday – the second biggest fall of Lira ever.
“We sank,” Turkey took to social media to express disappointed.
The topics of the top trends on Twitter are dominated by the hashtags on the economy including “we sink”, “the government resigned” and “we cannot meet the needs”.
In the southeast city of Diyarbakir, the shop owner burned what was seen as a fake dollar on the road in the symbolic movement of protest, saying: “We can’t sleep, we don’t know about our future.” Some people who talked to Reuters said that as soon as they received their salary or retirement, they turned it into foreign currencies.
“I have asked for a down payment at my monthly salary just to turn it into a dollar so that I can maintain a sense of value in my income,” said Emirhan Metin, 28, a lawyer in Istanbul.
“It’s almost impossible to focus or talk about anything else at this time.” Haluk, a 36-year-old freelance film editor, said he was often paid with a six to eight lag.
“So the contract that I signed last month was worth 20% cheaper today.
Who knows what value is when I paid six months from now?” Doruk Akpek, CEO at the Menstrual Hygiene brand startup, said he tried to save it in dollars and crypto-currency, but added the situation harder for those who only had lira.
“There is also a psychological unhappiness, you see the country collapsing before your eyes.
It has an impact on moral and motivational people,” said Akpek.