Nighed@feddit.uktoWorld News@lemmy.world•Restaurants sit half-empty in Turkey this summer as inflation reaches 91% in places sending tourists and locals flocking to neighboring GreeceEnglish
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2 months agoHow does inflation in Turkish Lira cause the Dollar price equivalent to go up so much? Should the Lira not be devaluing against the Dollar at a rate similar to its inflation?
If not, doesn’t that actually indicate a strong Turkish economy?
Wouldn’t assuming the Lira will drop more mean people would pay less for it though? So would make it worth less?