Although holding relatively firm against the euro, the Turkish lira has recently slipped against the US dollar. In declining by 16% this year alone the lira is, in fact, the worst performing currency after the rupee in Sri Lanka and the cedi in Ghana as Bloomberg reports. As President Recep Tayyip Erdoğan and the central bank continue to employ unorthodox methods to stabilise the economy there is little faith in the market. Analysts agree that the lira will depreciate further.
Hazelnut suppliers report that reality is much more frighten