The fall of the Turkish lira caused an influx of citizens from neighboring countries – the Greeks and Bulgarians went to buy New Year’s gifts.
At the end of December, the Turkish currency showed a historical minimum – one US dollar was worth 18 lira and 36 kurus. Well, how can you not take advantage of 21% inflation, which makes shopping in Turkey extremely attractive for overseas shopping tourists.
Residents of neighboring countries – Greece and Bulgaria – go shopping in buses and cars. In a country in crisis, it is profitable to buy fuel, food, clothing, household items – and literally everything. A resident of Bulgaria says:
It is more convenient for me to shop here, I am going to buy clothes, food and everything that the children and grandchildren need for Christmas. Everything in Bulgaria is much more expensive than here. If you ask me how much money I exchanged, it is 500 leva, this is enough for all of us.
Over the past year, the lira has significantly “lost weight”, having lost about 40% of its value against the American currency. After Erdogan’s announcement of new financial instruments designed to protect deposits in lira from fluctuations in the exchange rate, the so-called “rescue plan”, the Turkish currency timidly and uncertainly began to recover.